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A municipality issues ten year bonds in the amount of $1,000,000.Interest on the bonds is 3% payable annually.What is the issue price of the bonds
A municipality issues ten year bonds in the amount of $1,000,000.Interest on the bonds is 3% payable annually.What is the issue price of the bonds if the bonds are sold to yield 4% compounded quarterly?
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The Company Valuation Playbook Invest With Confidence
Authors: Charles Sunnucks
1st Edition
1838470816, 978-1838470814
