Question
You purchased a Bond with a Face Value of $ 100,000 which matures in 10 Years. It pays semiannual coupons at an annual nominal rate
You purchased a Bond with a Face Value of $ 100,000 which matures in 10 Years. It pays semiannual coupons at an annual nominal rate of 8% and redeems for $ 120,000 at maturity. This bond yields nominal annual rate of 9% convertible semiannually. Did you buy this bond at a Premium or Discount? How much was the Premium (or Discount)?
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Cases In Healthcare Finance
Authors: Louis C. Gapenski, George H. Pink
4th Edition
1567933424, 978-1567933420
