Answer to Question #38592 in Finance for phyllis kyeame

Question #38592
4. What should be the purchase price of a $1,000 bond redeemable at 105 and bearing semi-annual coupons at 9.75%, if it is sold two years before maturity and money is worth 11%, compounded annually?
1
Expert's answer
2014-02-03T02:44:32-0500
The answer to the question is available in the PDF file https://www.assignmentexpert.com/https://www.assignmentexpert.com/homework-answers/economics-answer-38592.pdf

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