Specializes in buying deep discount bonds

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Lance Whittingham IV specializes in buying deep discount bonds. $1,00 par value with semi annual interest payment, has 4% interest rates, 16 years to maturity. Current YTM is 10%. a)Current price of bond b)Percent increase of bond now to maturity C) What is the annual compound rate of growth in the value of the bond?

Reference no: EM131185074

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