Question
What is the face valua of the bonds that were issued paying interest in quarterly coupons of $92, are redeemed at 90, and 5years before
What is the face valua of the bonds that were issued paying interest in quarterly coupons of $92, are redeemed at 90, and 5years before are marketed at $190,242.99 per hundred? Assume a rate of return of 12.3% compounded per quarter. At what interest rate were they issued? What is its book value after collecting the fourth coupon?
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Modern Equity Investing Strategies
Authors: Anatoly B Schmidt
1st Edition
9811239495, 978-9811239496
