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A $120,000 bond bearing interest at 5.5% payable annually is bought four years before maturity to yield 5.6% compounded semi-annually. If the bond is redeemable
A $120,000 bond bearing interest at 5.5% payable annually is bought four years before maturity to yield 5.6% compounded semi-annually. If the bond is redeemable at par, what is the purchase price?
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Healthcare Finance An Introduction To Accounting And Financial Management
Authors: Louis C. Gapenski
2nd Edition
1567931650, 978-1567931655
