A 10-year bond with a face value of 2000 dollars earns interest at 9.2 percent...
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Accounting
A 10-year bond with a face value of 2000 dollars earns interest at 9.2 percent convertible semiannually. Suppose that the yield rate is 7 percent convertible semiannually, and that the book value immediately after the 13th coupon payment is 2016.62 dollars. What is the redemption value?
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