A $5000, 4.5% bond with interest payable semi-annually is redeemable at par in 12 years. What is

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A $5000, 4.5% bond with interest payable semi-annually is redeemable at par in 12 years. What is the purchase price to yield

(a) 3% compounded semi-annually?

(b) 5% compounded semi-annually?

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Contemporary Business Mathematics With Canadian Applications

ISBN: 9780135285015

12th Edition

Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday

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Question Posted: Oct 27, 2020 07:09 AM

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A $5000, 4.5% bond with interest payable semi-annually is redeemable at par in 12 years. What is

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Contemporary Business Mathematics With Canadian Applications

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