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A $8200 bond bearing interest at 4.4% payable semi-annually is due in 5 years. Money is worth 7.7% compounded semi-annually. What is the bond rate?

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A $8200 bond bearing interest at 4.4% payable semi-annually is due in 5 years. Money is worth 7.7% compounded semi-annually. What is the bond rate? a. 4.4% payable semi-annually b. 7.7% compounded semi-annually

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