A 100 face value bond with 4% semiannual coupons is callable at par in 30 years but
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A 100 face value bond with 4% semiannual coupons is callable at par in 30 years but can be redeemed at par by the issuer any time after the end of year 20. The price of the callable bond is 120 and The minimum possible rate of return is i% convertible semi-annually. calculate i.
Related Book For
Intermediate accounting
ISBN: 978-0077647094
7th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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