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How much do you have to pay for a bond rate that pays 6% dividend compounded semiannually, with a face value of $5,000 that is
How much do you have to pay for a bond rate that pays 6% dividend compounded semiannually, with a face value of $5,000 that is going to be paid (maturity) in 5 years. The buyer wants to have an interest rate profit of 8% compounded semiannually.
a) P= 4,594.64
b) P= 17,645.52
c) P= 3,094,199.50
d) P= 6,283.32
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