Question details

Semiannually Assuming that the investor gets the same yield on the
$ 12.00

An investor will pay 2318.63 for an n year 2000 part bound with a coupon rate of 10% compounded semiannually or he will pay 2531.05 for an n year 2000 part bond with a coupon rate of 11% compounded semiannually. Assuming that the investor gets the same yield on the two bonds find this yield rate expressed as a nominal rate convertible two times per year. Also find n.

Available solutions