Mathematics, 01.08.2020 17:01 teagan56

Lance Whittingham IV specializes in buying deep discount bonds. These represent bonds that are trading at well has his eye on a bond issued by the Leisure Time Corporation. The \$1,000 par value bond pays 4 percent annuali years remaining to maturity. The current yield to maturity on similar bonds is 11 percent. Use Appendix B and approximate answer but calculate your final answer using the formula and financial calculator methods.

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Lance Whittingham IV specializes in buying deep discount bonds. These represent bonds that are tradi...