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A bond with a face value of $19000, earning interest of 24% annually paid every two months ($760.000 every two months) is offered for sale.
A bond with a face value of $19000, earning interest of 24% annually paid every two months ($760.000 every two months) is offered for sale. The maturation time for the bond is 2 years. How much should be paid for the bond if the yield rate is 12% compounded bimonthly? $ 23018.630 $ 22393.434 $ 22007.364 $ 25962. 172 $ 27278.913
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Artificial Intelligence In Accounting And Auditing Knowledge Representation Accounting Applications And The Future Volume 3
Authors: Miklos A. Vasarhelyi
1st Edition
1558760784, 978-1558760783
