Question: This is for Actuarial Financial Mathematics, please no excel. please show all your steps Consider a $100 face value 10-year bond with 8% semiannual coupons,
This is for Actuarial Financial Mathematics, please no excel. please show all your steps
Consider a $100 face value 10-year bond with 8% semiannual coupons, and redemption value $120. The yield rate convertible semiannually is 6%, and the first coupon is paid on July 1st, 2018. Find the price on November 15th, 2021.
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