Please show equations not finance calc A semi-annual coupon bond has a 6 percent coupon rate,...
Please show equations not finance calc
A semi-annual coupon bond has a 6 percent coupon rate, a $1,000 face value, a current value of $1,036.09, and 3 years until the first call date. What is the call price if the yield to call is 6.5 percent?
Homework Answers
Let Call Value be C
0.9025 C = 957.108775
C = 957.108775/ 0.9025
= $ 1060.51
Call Value is $ 1060.51
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Please show equations not finance calc
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