(2) a $20,000 bond has annual coupons and is redeemable at the end of fourteen years for $22,600. it has a base amount equal to $18,450 when purchased to yield 6%. find its base amount if it were purchased to yield 7%.

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07-12-2022
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(2) a $20,000 bond has annual coupons and is redeemable at the end of fourteen years for $22,600. it has a base amount equal to $18,450 when purchased to yield 6%. find its base amount if it were purchased to yield 7%.

Sagot :

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