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Business, 09.12.2021 17:10 almighty196

A $1,000 par value bond with 9% coupons payable semiannually is purchased for $1,300. The yield to the purchaser is 6%, convertible semiannually. If the same bond were redeemable at 120% of par, what price would have been paid to obtain the same yield

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A $1,000 par value bond with 9% coupons payable semiannually is purchased for $1,300. The yield to t...
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