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A $7000 bond bearing interest at 7% payable semi-annually matures in 8 years. If it is bought to yield 5.5% compounded semi-annually, what is the
A $7000 bond bearing interest at 7% payable semi-annually matures in 8 years. If it is bought to yield 5.5% compounded semi-annually, what is the purchase price of the bond?
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Introduction To Managerial Accounting
Authors: Jeannie Folk, Ray Garrison, Eric Noree
1st Edition
0072468440, 978-0072468441
