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Brady purchased a $30,000, 11 percent bond redeemable at par with semi-annual coupon payments. He purchased the bond 10
Posted: Sun Jul 03, 2022 6:42 am
by answerhappygod
- Brady Purchased A 30 000 11 Percent Bond Redeemable At Par With Semi Annual Coupon Payments He Purchased The Bond 10 1 (9.63 KiB) Viewed 15 times
Brady purchased a $30,000, 11 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 seling 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.)