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A $3,000 15% ten-year bond has semiannual coupons and is sold to yield 5.4% convertible semiannually. The discount on the bond is $83.18. Find
A $3,000 15% ten-year bond has semiannual coupons and is sold to yield 5.4% convertible semiannually. The discount on the bond is $83.18. Find the redemption amount. (Round your answer to the nearest cent.) Submit Answer
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Accounting for Decision Making and Control
Authors: Jerold Zimmerman
8th edition
78025745, 978-0078025747
