A customer buys two bonds, both have a par value of $1,000, and she pays 103...
A customer buys two bonds, both have a par value of $1,000, and she pays 103 5/8 for each bond. The bonds are callable at 105. If the customer's bonds are called, she will receive how much?
Homework Answers
bonds are callable at 105.
=>amount received on bond =$1,000*105%=>$1,050.
the customer has two bonds,
so she will receive = $1,050 *2
=>$2,100.
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