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A $17,000, 9.3% bond redeemable at par is purchased 6 years before maturity to yield 5.8% compounded semi-annually. If the bond interest is payable semi-annually,
A $17,000, 9.3% bond redeemable at par is purchased 6 years before maturity to yield 5.8% compounded semi-annually. If the bond interest is payable semi-annually, what is the purchase price of the bond?
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Of Synthetic Finance Three Essays Of Speculative Materialism
Authors: Benjamin Lozano
1st Edition
1138790842, 978-1138790841
