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Assume that a bond will make payments every six months as shown on the following timeline (using six-month periods): The timeline starts at Period 0
Assume that a bond will make payments every six months as shown on the following timeline (using six-month periods): The timeline starts at Period 0 and ends at Period 50. The timeline shows a cash flow of $ 19.99 each from Period 1 to Period 49. In Period 50, the cash flow is $ 19.99 plus $ 1,000. Period 0 1 2 49 50 Cash Flows $19.99 $19.99
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