$100 par value debenture paying coupon of $10 per annum is redeemed at par in 3 years....

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$100 par value debenture paying coupon of $10 per annum is redeemed at par in 3 years. The average annual discount rate is 6%. Coupons are paid semi annually.

What is the price of this debt by general floating equation?

Posted Date: Jun 09, 2023 03:16 AM

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$100 par value debenture paying coupon of $10 per annum is redeemed at par in 3 years....

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To calculate the price of the debt using the general floating equation we need to ... View the full answer

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