Question
A bond with a face value of $ 18,000 and a 2.7% interest rate (compounded semiannually) will mature in 9 years. What is a fair
A bond with a face value of $18,000 and a 2.7% interest rate (compounded semiannually) will mature in 9 years. What is a fair price to pay for the bond today?
A fair price to buy the bond at would be $____
(Round to the nearest cent as needed.)
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Generational Wealth Personal Financial Handbook
Authors: Sherique Dill
1st Edition
1985161222, 978-1985161221
