Question
A city issues a $10,000,000 bond that has a stated annual interest rate of 3% and pays interest semi-annually for 20 years. What is
A city issues a $10,000,000 bond that has a stated annual interest rate of 3% and pays interest semi-annually for 20 years. What is the par value of the bond?
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Introduction to Operations Research
Authors: Frederick S. Hillier, Gerald J. Lieberman
10th edition
978-0072535105, 72535105, 978-1259162985
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