Question: Math finance please show all work DO NOT USE EXCEL A bond with a face value of $6,000 and an annual coupon rate of 12%
Math finance please show all work DO NOT USE EXCEL
A bond with a face value of $6,000 and an annual coupon rate of 12% convertible semiannually will mature in ten years for its face value. The bond is priced using a nominal yield rate of 6% convertible semiannually. a. Is the bond sold at discount, at premium, or neither? Find this amount. b. Find the amount for the adjustment of principal in the 7th coupon
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