Question
You are given a 10 year bond with semiannual coupons, where: The purchase price is 650. The par value is 1000. The redemption value is
You are given a 10 year bond with semiannual coupons, where:
The purchase price is 650.
The par value is 1000.
The redemption value is 1050.
The coupon rate is 12%.
Approximate the nominal yield rate convertible semiannually.
Please show formulas.
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Managerial Finance
Authors: Alan Parkinson
1st Edition
0750618264, 978-0750618267
