Compute the par value


A 10-year bond with coupons at 8% convertible quarterly will be redeemed at 1600. The bond is bought to yield 12% convertible quarterly. The purchase price is 860.40. Compute the par value to 4 decimal places.

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: Compute the par value
Reference No:- TGS0856670

Expected delivery within 24 Hours