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Apps * Question Completion Status: A friend of yours just invested in an outstanding bond with a 5% annual coupon and a remaining maturity of
Apps * Question Completion Status: A friend of yours just invested in an outstanding bond with a 5% annual coupon and a remaining maturity of 15 years. The bond has a par value of $1,000 and the market interest rate is currently 3%. How much did your friend pay for the bond? 1,875.39 1,579.56 O 1,238.76 0938.26
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Governmental Accounting
Authors: Steven M. Bragg
2022nd Edition
1642210781, 978-1642210781
