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A 15000$, 8% bond with quarterly interest coupons redeemable at par in 7 years is purchased to yield at 9% compounded quarterly. (i) What is
A 15000$, 8% bond with quarterly interest coupons redeemable at par in 7 years is purchased to yield at 9% compounded quarterly.
(i) What is the premium or discount?
(ii) What is the purchase price
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The Internet Market Research Audit
Authors: Cambridge
1st Edition
1902433742, 978-1902433745
