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Brady purchased a $22,000, 12.5 percent bond redeemable at par with semi-annual coupon payments. He purchased the bond 1
Posted: Fri Jul 01, 2022 7:41 am
by answerhappygod
- Brady Purchased A 22 000 12 5 Percent Bond Redeemable At Par With Semi Annual Coupon Payments He Purchased The Bond 1 1 (58.01 KiB) Viewed 21 times
Brady purchased a $22,000, 12.5 percent bond redeemable at par with semi-annual coupon payments. He purchased the bond 10 years before maturity to yield 13.5 percent compounded semi-annually. Six years after purchasing the bond (four years before maturity), what would be his selling price if the yield to maturity has not changed? Brady's selling price would be $ (Use the TI BA II Plus financial calculator, and enter your answer rounded to two decimal places.)