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A $25,000, 8.5% bond redeemable at par is purchased 8 years before maturity to yield 8.2% compounded semi-annually. If the bond interest is payable semi-annually,
A $25,000, 8.5% bond redeemable at par is purchased 8 years before maturity to yield 8.2% compounded semi-annually. If the bond interest is payable semi-annually, what is the purchase price of the bond?
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Personal Finance
Authors: Jack Kapoor
12th Edition
125996776X, 9781259967764
