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A company issues bonds at a discount price of $ 9 0 0 for a 1 0 % $ 1 0 0 0 bond that
A company issues bonds at a discount price of $ for a $ bond that matures in years with a dividend payable semiannually. What nominal and effective interest rates per year, compounded quarterly, will this company pay the investor? Use the manual way to solve this problem. A rational guess of i would help solve this problem quickly.
A company issues bonds at a discount price of $ for a $ bond that matures in years with a dividend payable semiannually. What nominal and effective interest rates per year, compounded quarterly, will this company pay the investor? Use the manual way to solve this problem. A rational guess of i would help solve this problem quickly.
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