Business, 27.07.2021 20:10 kayranicole1
Today, you purchase a bond for $10,000. The par value of the bond is $9,500 with a bond (coupon) rate of 10% per year compounded (and payable) semiannually. You plan to keep it for 4 years and sell it right after receiving the 8th coupon payment. How much should you sell the bond for so that your investment yields an interest rate of 24% per year compounded semiannually?
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Today, you purchase a bond for $10,000. The par value of the bond is $9,500 with a bond (coupon) rat...
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