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Posted on Jun 06, 2024

A $100,000, 8.75% bond with interest payable annually is redeemable at 103 in four years. What is the purchase price to yield 7% compounded quarterly?

Select one:

a. $108,746.82

b. $106,548.82

c. $107,584.62

d. $107,548.62

e. $105,748.62

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