Suppose that a 16-year bond with a face value of 2500 dollars is redeemable at par and pays semiannual coupons that increase by 1.1 percent per coupon. If the last coupon is for 100 dollars and the yield rate is 8.2 percent convertible semiannually, what is the book value of the bond immediately after the 14th coupon is paid?

Answer rating: 100% (QA)

To calculate the book value of the bond immediately after the 14th coupon is paid ... View the full answer