A 1000 par value 10-year bond with coupons at 4 convertible, Ask an Expert

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A 1,000 par value 10-year bond with coupons at 4% convertible semiannually can be called on any coupon date starting at the end of year 6. The price of this bond is 900, and the bond is redeemed at par. What is the minimum yield expressed as a nominal annual rate of interest convertible semiannually.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92775066

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