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Biti Bank purchase a $5,000 bond that pays 8% pa compounded half-yearly and is redeemable in exactly 13 years. The price paid will yield the

Biti Bank purchase a $5,000 bond that pays 8% pa compounded half-yearly and is redeemable in exactly 13 years. The price paid will yield the bank 4% pa compounded half-yearly if held to maturity. ...

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