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a) Calculate purchase price of the bond? b) Calculate Amanda's selling price? c) Calculate his gain or loss on investment? A $2,500 bond had a
a) Calculate purchase price of the bond? b) Calculate Amanda's selling price? c) Calculate his gain or loss on investment?
A $2,500 bond had a coupon rate of 4.60% with interest paid semi-annually. Amanda purchased this bond when there were 7 years left to maturity and when the market interest rate was 6.60% compounded semi-annually. He held the bond for 2 years, then sold it when the market interest rate was 3.20% compounded semi-annuallyStep by Step Solution
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