Question
A $1000 bond bearing semi-annual coupons at is redeemable at par. What is theminimum number of years that the bond should run so that a
A $1000 bond bearing semi-annual coupons at is redeemable at par. What is theminimum number of years that the bond should run so that a personpaying $1100 for it would earn at least j2= 8%?
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
11th edition
134141083, 978-0134141084
