Business
Business, 03.04.2020 18:50, tomboyswagge2887

A 1000 par value bond with coupons at 9% payable semiannually was called for 1100 prior to maturity. The bond was bought for 918 immediately after a coupon payment and was held to call. The nominal yield rate convertible semiannually was 10%. Calculate the number of years the bond was held

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A 1000 par value bond with coupons at 9% payable semiannually was called for 1100 prior to maturity....

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