Find the price of the bond with quartely payments


The par value of a bond is $450. The redemption value is $425. The bond has nominal annual copoun rate of interest of 4.4% compouned quarterly. The yeild rate is also a nominal annual rate compounded quarterly of 5.2%. The book value after the 5th coupon payment is $417.21. Find the price of the bond with quartely payments.

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Finance Basics: Find the price of the bond with quartely payments
Reference No:- TGS0728729

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