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( b ). A bond has a face value of 5000, it pays a bond interest rate of 6 % per year with quarterly payments.
( b ). A bond has a face value of 5000, it pays a bond interest rate of 6 % per year with quarterly payments. You received a yearly rate of return 12% after holding it for 4 years. The selling price was 7000. What was the purchase price of the bond
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Public Finance
Authors: Harvey Rosen, Ted Gayer
10th edition
9781259716874, 78021685, 1259716872, 978-0078021688
