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A Government of Canada $48,000 bond was issued on January 15, 2003, with a 25- year maturity. The coupon rate was 10.15% compounded semi-annually. What
A Government of Canada $48,000 bond was issued on January 15, 2003, with a 25- year maturity. The coupon rate was 10.15% compounded semi-annually. What cash price did the bond have on July 15, 2017, when prevailing market rates were 4.31% compounded semi-annually? Round to the nearest dollar
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
10th Edition
1119491630, 978-1119491637, 978-0470534793
