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Posted by:
Homeworkhelp 
Price Quoted by Student: $1.5 
Posted On: 20101116 02:02:25 


Question
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. 

Solutions 
SOLUTION
C = 9%/2 of 1000 = 45, n =15*2 = 30, m = 

Attachment 1: Heather is considering.doc

Solution Posted By: Homeworkhelp Posted on:
16112010 




 
