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Assume that you are an analyst in the finance department of a municipality. The municipality intends to issue a bond They want to issue a

Assume that you are an analyst in the finance department of a municipality. The municipality intends to issue a bond They want to issue a number of 1000 bond certificates, each USD that mature in 10 years. 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? Answer: 914,250.01 CAN YOU SHOW THE CALCUTATION IN THE FINANCIAL CALCULATOR? AND FORMULAS

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