Answered You can hire a professional tutor to get the answer.
QUESTION
You bought a 18-year semi-annual coupon today and the current market rate of return is 7.8%. The bond is callable in 6 years with a $1099 call
You bought a 18-year semi-annual coupon today and the current market rate of return is 7.8%. The bond is callable in 6 years with a $1099 call premium. What price did you pay for your bond? show answer to nearest cent.
