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Calculate the purchase price of the $1000 face value of the bond. (Assume that the face value is 51000, tha bond interest is paid semiannually,
Calculate the purchase price of the $1000 face value of the bond. (Assume that the face value is 51000, tha bond interest is paid semiannually, that the bond was originally issued at its face value, that the band redeemed at their face value maturity and that the market rate of return is compounded semiannually) Issue Maturity Purchase Coupon Market Date Date Date Rate ( Rate() Sept 20, 2000 Sept 20, 2010 Sept 20. 2005 6.2 7 Select one a. 1033.94 b. 966.75
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