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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Elements Of Chemical Reaction Engineering
Authors: H. Fogler
6th Edition
9780135486221
