A bond face value of 1000 yuan, the quarterly conversion rate of 8%, can be issued in....

匿名用户 最后更新于 2021-07-05 19:25 商科Business

A bond face value of 1000 yuan, the quarterly conversion rate of 8%, can be issued in the fifth year after the beginning of redemption. If the bond is cashed at face value at the end of the 10th year, the subscription price guarantees a

nominal yield of 6 per cent a quarter. To ensure the same yield, calculate the value of the bond when it is called at the end of the fifth year.

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