On May 27, 1994 Jen Mago purchased a new $18,000 fifteen-year 10% bond with annual...
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On May 27, 1994 Jen Mago purchased a new $18,000 fifteen-year 10% bond with annual coupons and a redemption payment of $19,000. Jen sold the bond to Edna Wilder on December 31, 2000. The semipractical clean price for the sale was $ 18,375; this was based on her market price and the "30/360" method for counting days. Still working on a "30/360" basis, find her annual yield rate J~ and theoretical clean price C^J bar_T
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