Nine $1000 8% bonds with interest payable semi-annually and redeemable at par are purchased 10 years before

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Nine $1000 8% bonds with interest payable semi-annually and redeemable at par are purchased 10 years before maturity. Find the premium or discount and the purchase price if the bonds are bought to yield
(a) 6%;
(b) 8%;
(c) 10%.

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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 04:16 AM

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Nine $1000 8% bonds with interest payable semi-annually and redeemable at par are purchased 10 years before

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Face value 9100000 900000 b 4 Principal 900000 n 20 ...View the full answer

Contemporary Business Mathematics with Canadian Applications

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