1. A Bond has a par value of one thousand dollars and its coupon rate is...
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1. A Bond has a par value of one thousand dollars and its coupon rate is r convertible every six months will be redeemed at par in k years. Purchase price to yield 10% con- vertible semi-annually is P. If coupon rate were r-0.04, the price of the bond would be P-200. Determine the present value of a 3k year annuity immediate with semi-annual pay- ments of 100 at a yield rate of 10% convertible semi-annual. 1. A Bond has a par value of one thousand dollars and its coupon rate is r convertible every six months will be redeemed at par in k years. Purchase price to yield 10% con- vertible semi-annually is P. If coupon rate were r-0.04, the price of the bond would be P-200. Determine the present value of a 3k year annuity immediate with semi-annual pay- ments of 100 at a yield rate of 10% convertible semi-annual.
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Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
Posted Date:
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