Question #38598

Compute the premium or discount on the sale of a $2,000 bond redeemable at 101.5 in four years’ time, if it is bought to yield 12%, compounded quarterly and the coupon rate is 10.75% semi-annually and What is the purchase price of the bond ?

Expert's answer

Answer on question #38598 – Math - Other

bond 2000

ypayment at maturity 101,50%

yield on bank 112%

Interest on payments 10,75% quarterly payment twice a year

Price at maturity 2030

Price Expected return 2273,6


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