Business, 10.03.2020 04:04, misstaejailicious200

A $7,500 face value, 20-year bond has a nominal annual coupon rate of 7.4%, paid semiannually. The yield to maturity is 5.3% convertible semiannually. In the 4th coupon payment, the amount for amortization of premium is $28.31. Find the redemption amount of the bond.

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A $7,500 face value, 20-year bond has a nominal annual coupon rate of 7.4%, paid semiannually. The y...