Calculate the amortization of the premium in the 61st


A 40 year bond with a par value of 5000 is redeemable at par and pays semi-annual coupons at arate of 7% convertible semi-annually. The bond is purchased to yield annual effective rate of 6%. Calculate the amortization of the premium in the 61st coupon.

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Financial Management: Calculate the amortization of the premium in the 61st
Reference No:- TGS02683765

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