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A company has issused a $20,000, 10 year bond. Each bond pays interest quarterly of 4%. Determine the amount a purchaser has to pay for

A company has issused a $20,000, 10 year bond. Each bond pays interest quarterly of 4%. Determine the amount a purchaser has to pay for the bond, if it yield a 12% compounded semiannually.

a) pw=$11,902

b) pw=$31,902

c)pw=$28,000

d)pw=$32,000

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