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A Government of Canada bond will pay $200 at the end of every six months for the next 16 years, and an additional $2000 lump
A Government of Canada bond will pay $200 at the end of every six months for the next 16 years, and an additional $2000 lump payment at the end of the 16 years. What is the appropriate price to pay if you require a rate of return of 6.1% compounded semiannually?What is N? What is I/Y? What is C/Y? What is P/Y? What is PV? What is PMT? What is FV?
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