Question
$80,000 bond bearing interest at 5.% payable annually is bought eight years before maturity to yield 5.75% compounded quarterly. If the bond is redeemable at
$80,000 bond bearing interest at 5.% payable annually is bought eight years before maturity to yield 5.75% compounded quarterly. If the bond is redeemable at par, what is the purchase price?
The Purchase price of the bond is $_____
Can this be done in a finance calulator?
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Information Quality Assurance And Internal Control For Management Decision Making
Authors: William R Kinney
1st Edition
0256221618, 9780256221619
