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5. Huda is considering for purchasing a bond that pays $850 annually and will not cease, and the rate of interest you want to earn
5. Huda is considering for purchasing a bond that pays $850 annually and will not cease, and the rate of interest you want to earn is 5% per year, how much money should you pay for the bond?
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To calculate the present value of the perpetual bond ...
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163
