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shivaji (job) (424 Points)
Bond Valuation
c/(1+r)+C/(1+r)^2+++++++++m/(1+r)^n
Could you explain how the above formula becomes like below
Step-by- step explanation require as i have no knowleged in this subject
thanks
The series is geometric progression series, where r= 1/(1+r)
Applying the sum formula of GP series, you get the result.
shivaji (job) (424 Points) Replied 07 July 2017
Dear Sir,
THANK YOU VERY MUCH
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