A $110,000 bond bearing interest at 5.5% payable semi-annually is bought ten years before maturity to yield

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A $110,000 bond bearing interest at 5.5% payable semi-annually is bought ten years before maturity to yield 4.95% compounded annually. If the bond is redeemable at par, what is the purchase price? (solve using finanical calculator)

Posted Date: May 18, 2024 10:04 AM

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A $110,000 bond bearing interest at 5.5% payable semi-annually is bought ten years before maturity to yield

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