A $5000, 8% bond with semi-annual coupons redeemable at par in 10 years is purchased to yield

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A $5000, 8% bond with semi-annual coupons redeemable at par in 10 years is purchased to yield 10% compounded semi-annually. What is the purchase price?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 04:17 AM

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A $5000, 8% bond with semi-annual coupons redeemable at par in 10 years is purchased to yield

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Contemporary Business Mathematics with Canadian Applications

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