Question: A $ 1 , 0 0 0 face value bond can be redeemed early at the issuer's discretion for $ 1 , 0 3 0

A $1,000 face value bond can be redeemed early at the issuer's discretion for $1,030, plus any accrued interest. The additional $30 is called which one of the following?
dirty price
redemption value
call premium
original-issue discount
redemption discount
 A $1,000 face value bond can be redeemed early at the

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!