An n-year 700 par-value bond with 9% annual coupons has an annual effective yield rate of j.

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An n-year 700 par-value bond with 9% annual coupons has an annual effective yield rate of j. The book value at the end of the 8th year is 576.86. The book value at the end of the 9th year is 580.77.

Find the bond price.

(The answer is not 1078.83)

Related Book For answer-question

Government and Not for Profit Accounting Concepts and Practices

ISBN: 978-1118155974

6th edition

Authors: Michael H. Granof, Saleha B. Khumawala

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Posted Date: Jul 02, 2022 01:23 AM

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An n-year 700 par-value bond with 9% annual coupons has an annual effective yield rate of j.

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70057686 365 X 57686 2920 1 N8 Yield j J 8 years 2920 days 12314 57686 j 266 00266 ... View the full answer

Government and Not for Profit Accounting Concepts and Practices

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