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A 15-year bond issue of 5,100,000 and bearing interest at 4% payable annually is sold to yield 4.4% compounded semi-annually. What is the issue price
A 15-year bond issue of 5,100,000 and bearing interest at 4% payable annually is sold to yield 4.4% compounded semi-annually. What is the issue price of the bonds?
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Modern Equity Investing Strategies
Authors: Anatoly B Schmidt
1st Edition
9811239495, 978-9811239496
