Here, the bond's cash-flows are $4 in 6, 12, 18, 24, and 30 months, and $104...
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Here, the bond's cash-flows are $4 in 6, 12, 18, 24, and 30 months, and $104 in 36 months. Using again the bond price's expression, we have the following equation in terms of the bond -4e 2.5y +104e -3.0y 4e e-053 +4e-203 +46-153 +4e²7 =104 Here, the bond's cash-flows are $4 in 6, 12, 18, 24, and 30 months, and $104 in 36 months. Using again the bond price's expression, we have the following equation in terms of the bond -4e 2.5y +104e -3.0y 4e e-053 +4e-203 +46-153 +4e²7 =104
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Answer rating: 100% (QA)
Step 11 Assume y 3 for 6 months as a period then Y 4 PVIFA 36 100 PVIF 36 4 54172 100 08375 1054188 ... View the full answer
Related Book For
International Financial Reporting A Practical Guide
ISBN: 978-1292200743
6th edition
Authors: Alan Melville
Posted Date:
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