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Posted by: Homeworkhelp
Price Quoted by Student: $1.5
Posted On: 2010-11-16 02:02:25

Problem 19 Heather is considering a bond investment in Locklear Airline. The 1000 par value bonds have a quoted annual interest rate of 9% and interest is paid semiannually. The yield to maturity on the bonds is 12% annual interest. There are 15 years to maturity. Compute the price of bonds based on semiannual analysis.

SOLUTION C = 9%/2 of 1000 = 45, n =15*2 = 30, m =
Price $1.5
Attachment 1: Heather is considering.doc
Solution Posted By: Homeworkhelp    Posted on: 16-11-2010