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A bond with a $1000 face value will mature in five years. The bond carries a coupon rate of 7% payable at the end
A bond with a $1000 face value will mature in five years. The bond carries a coupon rate of 7% payable at the end of each year. The bonds are sold to yield 6% compounded semi-annually. Find the purchase price of the bond. a $1008.24 O b $1258.24 $1038.24 O d $1128.24
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Finite Mathematics and Its Applications
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
12th edition
978-0134768588, 9780134437767, 134768582, 134437764, 978-0134768632
