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1) A 10-year $500 par value bond with 10% coupons payable semianniyally has redemption value of $320 and is purchased to yield 8% convertible monthly.

1) A 10-year $500 par value bond with 10% coupons payable semianniyally has redemption value of $320 and is purchased to yield 8% convertible monthly. Find the price of the bond.
2) An annuity-immediate has a cash calue of $100,000. If the payments are $8,750 per quarter and the interest rate is i^(4)=6%, find the numver of full payments abd the amount if the final partial pyment if the final payment is to be made 6 MONTHS after the last full payment.
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1. A 10-year $500 par value bond with 10% coupons payable semiannually has a redemption value of $320 and is purchased to yield 8% convertible monthly. Find the price of the bond. 2. An annuity-immediate has a cash value of $100,000. If the payments are $8,750 per quarter and the interest rate is 1") = 6%, find the number of full payments and the amount of the final partial payment if the final payment is to be made 6 MONTHS after the last full payment

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