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A $10 000, 10% bond with quarterly coupons redeemable at par in 15 years is purchased to yield 11% compounded quarterly. Determine the purchase price
A $10 000, 10% bond with quarterly coupons redeemable at par in 15 years is purchased to yield 11% compounded quarterly. Determine the purchase price of the bond.
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The Infographic Guide To Personal Finance
Authors: Michele Cagan CPA, Elisabeth Lariviere
1st Edition
1507204663, 978-1507204665
