A RM2,000 bond with 8% convertible semi-annually coupon matures at par on 15th October 2025. The bond was purchased on 28th June 2009 which yield at 9% convertible semi-annually. Determine the purchase price of the bond? Assume simple interest between bond coupon dates and note that: Date Day of the year 15 April 105 28 June 179 15 October 288

A RM2,000 bond with 8% convertible semi-annually coupon matures at par on 15th October 2025. The bond was purchased on 28th June 2009 which yield at 9% convertible semi-annually. Determine the purchase price of the bond? Assume simple interest between bond coupon dates and note that: Date Day of the year 15 April 105 28 June 179 15 October 288

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter6: Fixed-income Securities: Characteristics And Valuation

Section: Chapter Questions

Problem 6P

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