The present worth of a $10,000 municipal bond due 6 years from now is $11,000. If the
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The present worth of a $10,000 municipal bond due 6 years from now is $11,000. If the bond interest is payable quarterly and the interest rate used in discounting the cash flow is 8% per year compounded quarterly, what is the bond coupon rate b per year?
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Basics Of Engineering Economy
ISBN: 9780073376356
2nd Edition
Authors: Leland T. Blank, Anthony Tarquin
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