What’s kd? Coupon = 12% semi; Price = $1,153.72; 15 years.
60
60 + 1,000
60
0
1
2
30
I = ?
30 -1153.72 60 1000
5.0% x 2 = kd = 10%
N
I/YR
PV
FV
PMT
-1,153.72
INPUTS
OUTPUT
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