Twelve $1,000 bonds redeemable at par bearing 7% coupons payable semi-annually are sold six years before maturity
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Twelve $1,000 bonds redeemable at par bearing 7% coupons payable semi-annually are sold six years before maturity to yield 9.6% compounded quaterly. what is the premium or discount and the purchase price of the bonds?
Related Book For
Principles Of Managerial Finance
ISBN: 978-0136119463
13th Edition
Authors: Lawrence J. Gitman, Chad J. Zutter
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