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rev | Admin | (Created page with "Kate buys a five-year 1000 face amount bond today with a 100 discount. The annual nominal coupon rate is 5% convertible semiannually. One year later, Wallace buys a four-year bond. It has the same face amount and coupon values as Kate’s and is priced to yield an annual nominal interest rate of 10% convertible semiannually. The discount on Wallace’s bond is D. The book value of Kate’s bond at the time Wallace buys his bond is B. Calculate B – D. <ul class="mw-ex...") | Nov 19'23 at 21:00 | +576 |