Andrea_Shen
March 6th 2011, 10:48 PM
Hey guys,
I'm sorry that I made a mistake in #3 question where I missed to tell you the coupon rate. I corrected it as below:
Company A puts its bonds up for sale on a day when investors in the marketplace are demanding an earnings rate of 10.2% convertible semiannually for 10 years. The bond will pay a nominal interest rate of 10% convertible semiannually. The face value of each bond is $1,000. Find the purchase price of this bond.
Here is the link to the new version (I only changed #3):
http://www.sendspace.com/file/t5g951
Also, I changed links in my previous post.
I'm sorry that I made a mistake in #3 question where I missed to tell you the coupon rate. I corrected it as below:
Company A puts its bonds up for sale on a day when investors in the marketplace are demanding an earnings rate of 10.2% convertible semiannually for 10 years. The bond will pay a nominal interest rate of 10% convertible semiannually. The face value of each bond is $1,000. Find the purchase price of this bond.
Here is the link to the new version (I only changed #3):
http://www.sendspace.com/file/t5g951
Also, I changed links in my previous post.