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can you help with this How much would you pay for a Canada Savings Bond with a face value of $1,000 that offers a 4%
can you help with this
How much would you pay for a Canada Savings Bond with a face value of $1,000 that offers a 4% coupon (paid in two semi-annual payments starting in six months) and matures in 13 years? Prevailing interest rates are 2% compounded semi-annually. The bond is worth $0. (Round the final answer to the nearest cent as needed. Keep all decimal places as you work through the problem.)Step by Step Solution
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