Business, 10.11.2019 02:31 yaboi2018

Joey purchased an n-year par-value 2,000 bond that had a coupon rate of 9% convertible quarterly. todd purchased a par-value bond with an identical coupon rate but having a term of 2n years. the coupons that joey and todd received in the first n years were identical and both bonds had a yield rate of 6% convertible quarterly. todd paid 233.02 more than joey. calculate n. note that 4n must be an integer

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Joey purchased an n-year par-value 2,000 bond that had a coupon rate of 9% convertible quarterly. to...