Question: Math Interest Theory/ Financial Math Please use formulas and not a table and not the TVM function 7. (4pts) A $100 par value 10-year bond

Math Interest Theory/ Financial Math

Please use formulas and not a table and not the TVM function

7. (4pts) A $100 par value 10-year bond provides 5% semiannual coupons. The yield rate is 4% convertible semiannually. What are the dirty and clean values of the bond 8.4 years after issue at the same yield rate? Use both theoretical method and practical method. (Answers: $103.53, S101.53 by theoretical method, S103.53, S101.53 by practical method)

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