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| rev | Admin | (Created page with "Matt purchased a 20-year par value bond with an annual nominal coupon rate of 8% payable semiannually at a price of 1722.25. The bond can be called at par value X on any coupon date starting at the end of year 15 after the coupon is paid. The lowest yield rate that Matt can possibly receive is a nominal annual interest rate of 6% convertible semiannually. Calculate X. <ul class="mw-excansopts"><li>1400</li><li>1420</li><li>1440</li><li>1460</li><li>1480</li></ul> {{so...") | Nov 19'23 at 17:56 | +495 |