Calculate the redemption value of the bond

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1. What is the accumulated sum of the following stream of payments? $5650 every year at the beginning of the year for 8 years, at 7.74 percent, compounded annually. Round the answer to two decimal places.

2. A 10-year 100 par value bond pays 8% coupons semiannually. The bond is priced at 118.20 to yield an annual nominal rate of 6% convertible semiannually. Calculate the redemption value of the bond.

3. A 10-year 10,000 face value bond with 5% annual coupons is bought to yield 6% compounded annually. Determine the book value immediately after the 6th coupon.

Reference no: EM131867794

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