A $1000, 9.5% bond with semi-annual coupons redeemable at par on March 1, 2026, was purchased on
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A $1000, 9.5% bond with semi-annual coupons redeemable at par on March 1, 2026, was purchased on September 19, 2017, to yield 7% compounded semi-annually. What was the purchase price?
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Face value F 10000 yield 7 compounded semiannually semi annual coupo...View the full answer
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Marvine mabiya
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Related Book For
Contemporary Business Mathematics With Canadian Applications
ISBN: 9780135285015
12th Edition
Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday
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