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A 20-year bond issue of 4,900.000 and bearing interest at 3% payable annually is sold to yield 3.3% compounded quarterly. What is the issue price
A 20-year bond issue of 4,900.000 and bearing interest at 3% payable annually is sold to yield 3.3% compounded quarterly. What is the issue price of the bonds? The purchase price of the bond is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) A $21,000, 6.9% bond redeemable at par is purchased 10 years before maturity to yield 9.9% compounded semi-annually. If the bond interest is payable semi-annually, what is the purchase price of the band? The purchase price of the bond is $ Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed)
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