Nowitall629 Nowitall629

08-05-2024
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A $1,000 par value 10-year bond with annual coupons is redeemable at $1,055 and has a purchase price of $986 at a yield rate of 4% per annum. The coupons are non-level and increase at a rate of 3% per year. Construct the amortization schedule for the bond.

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