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A $22,000, 5.4% bond redeemable at par is purchased 7 years before maturity to yield 8.8% compounded semi-annually. If the bond interest is payable semi-annually,
A $22,000, 5.4% bond redeemable at par is purchased 7 years before maturity to yield 8.8% compounded semi-annually. If the bond interest is payable semi-annually, what is the purchase price of the bond?
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Information Quality Assurance And Internal Control For Management Decision Making
Authors: William R Kinney
1st Edition
0256221618, 9780256221619
