A 10-year bond with a 10,000 par value pays 8% annual coupons and has an initial price

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A 10-year bond with a 10,000 par value pays 8% annual coupons and has an initial price of P. The premium amortisation in the 3rd payment is 125.48. The premium amortisation in the 7th pavement is 158.42. Determine P.

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Foundations of Financial Management

ISBN: 978-1259024979

10th Canadian edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta

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Posted Date: Jun 07, 2023 06:02 AM

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A 10-year bond with a 10,000 par value pays 8% annual coupons and has an initial price

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Foundations of Financial Management

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