Revision as of 22:22, 19 November 2023 by Admin (Created page with " '''Solution: B''' <math display = "block"> BV_{12} = 38a_{\overline{8}|0.03} 1000v^8 = 1056.16. </math> {{soacopyright | 2023 }}")
Exercise
ABy Admin
Nov 19'23
A 1000 par value ten-year bond with 7.6% semiannual coupons is bought to yield 6.0% convertible semiannually.
Calculate the book value of the bond at the end of year six immediately after the coupon payment.