Business, 13.12.2019 06:31 coreyslotte

Matt purchased a 20-year par value bond with an annual coupon rate of 8% compounded semiannually for a price of 1722.25. the coupons begin paying 6-months after the bond is purchased, and the bond can be called at par value x on any coupon date starting at the end of year 15, after the coupon is paid. the price guarantees that matt will receive a nominal annual yield rate of at least 6% compounded semiannually. note: the price guarantees that the yield will be a minimum of 6%. find x (a) 1460 (b) 1440 (c) 1420 (d) 1400 (e) 1380

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