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P_Zindler
Nov 1, 2007, 07:42 PM
Acme Electronics Pty Ltd. issued a ten-year bond with a coupon payment of 6 percent p.a. paid semiannually. The face value of the bond is $1000. The price of the bond was A$900 after two years. The yield to maturity was 3 percent p.a. after 3 years and 8 percent p.a. after 5 years.

c) If the bond were redeemable at $1100 at the end of year 4 what would be the market price of the bond after the 6th interest payment?

With calculation please...

I'm sitting for hours now & don't know how to solve it!

Thanks
Phill