A $ 2 5 0 , 0 0 0 bond having a bond rate of 6 payable annually is purchased for $ 2 3 5 , 0 0 0 and kept for 6 years, at which time it is sold How much should the bond be sold for in order to yield at a 5 effective annual return on the investment

Question

A $ 2 5 0 , 0 0 0 bond having a bond rate of 6   payable annually is purchased for $ 2 3 5 , 0 0 0 and kept for 6 years, at which time it is sold  How much should the bond be sold for in order to yield at a 5   effective annual return on the investment

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Question

A $ 2 5 0 , 0 0 0 bond having a bond rate of 6 % payable annually is purchased for $ 2 3

A $ $250, 000$ bond having a bond rate of $6 %$ payable annually is purchased for $ $235, 000$ and kept for $6$ years, at which time it is sold. How much should the bond be sold for in order to yield at a $5 %$ effective annual return on the investment?

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