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A bond has a face value of $4000 and matures on June 21 2025 with a bond rate of 6.2% compounded semi-annually. If the
A bond has a face value of $4000 and matures on June 21 2025 with a bond rate of 6.2% compounded semi-annually. If the bond was purchased on December 21 2019 at a market rate of 6.9% compounded semi-annually, what was the purchase price of the bond? [
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To find the purchase price of the bond we need to calculate the present value of the bonds future ca...
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
