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A bond with a par value of 1 0 7 , 4 7 5 and with a bond rate of 9 % payable annually is

A bond with a par value of $107, 475$ and with a bond rate of $9 %$ payable annually is to be redeemed at $161, 640$ at the end of $8$ years from now. If it is sold now, what should be the selling price to yield $6 % ?$

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A bond with a par value of 1 0 7 , 4 7 5 and with a bond rate of 9 % payable annually is

A bond with a par value of 107,475 and with a bond rate of 9% payable annually is to be redeemed at 161,640 at the end of 8 years from now. If it is sold now, what should be the selling price to yield 6%?

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Recommended Textbook for

Advanced Accounting

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A bond with a par value of $107, 475$ and with a bond rate of $9 %$ payable annually is to be redeemed at $161, 640$ at the end of $8$ years from now. If it is sold now, what should be the selling price to yield $6 % ?$