Nov 19'23
Exercise
An investor buys a one-year bond with a face amount of 100 and an annual coupon rate of 6% paid semiannually. The bond is purchased at a discount of 1.50 to yield an annual nominal rateof j convertible semiannually.
Calculate j.
- 0.022
- 0.038
- 0.068
- 0.076
- 0.136
Nov 19'23