Business, 27.02.2020 19:27 willwhitlock803

Megan buys a bond that is redeemable for its par value of 20,000 after 5 years. The bond pays coupons of 800 annually. The bond is bought to yield 8% annually. Calculate the accumulation of discount (principal) in the 4th coupon.

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Megan buys a bond that is redeemable for its par value of 20,000 after 5 years. The bond pays coupon...