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Determine the purchase price at the indicated time before maturity of the following bond redeemed at par shown in the table below. Par Value Bond
Determine the purchase price at the indicated time before maturity of the following bond redeemed at par shown in the table below.
| Par Value | Bond Rate Payable Semi-Annually | Time Before Maturity | Yield Rate | Conversion Period |
| $10,000 | 9.5% | 5.5 years | 10.5% | semi-annually |
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Health Care Finance Basic Tools For Nonfinancial Managers
Authors: Judith J. Baker, R.W. Baker
4th Edition
1284029867, 978-1284029864
