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The following table gives the price of bonds: Bond Principal ($) Time To Maturity (Months) 100 100 100 6 12 18 Annual Coupon Rate
The following table gives the price of bonds: Bond Principal ($) Time To Maturity (Months) 100 100 100 6 12 18 Annual Coupon Rate Bond Price (%) ($) 0.0 96 0.0 90 8.0 95 Half the stated coupon is assumed to be paid every six months. Use semi-annual compounding as interest rate measurement.
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Financial statements
Authors: Stephen Barrad
5th Edition
978-007802531, 9780324186383, 032418638X
