Bond Pricing Formula - Final - JSE

coupons, and with two coupon payment dates per year, one of which coincides with an anniversary of the bond's maturity date, on which date the whole capital of the bond is redeemed. Bonds which fail to meet one or more of these criteria cannot be valued using the GCH formula.2 Some of these bonds are priced using various other formulae. Most of them are "price stocks", and are traded on the ... ................
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