Price of Bond Assignment | Homework For You
June 8th, 2020
A $5000 semi-annual coupon bond paying interest at 12.4%/year compounded semi-annually is redeemable at par in 16 years. It is callable at 115 at the end of 8 years and at 111 at the end of 11 years. Determine the price to guarantee a yield rate of 13.4%/year compounded semi-annually.Get Finance homework help today