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I got 987.67, please check my answer and provide a detailed solution A $100,000 bond bearing interest at 6% payable annually is bought years before
I got 987.67, please check my answer and provide a detailed solution
A $100,000 bond bearing interest at 6% payable annually is bought years before maturity to yield 6.68% compounded semi-annually. If the bond is redeemable apa. what is the purchase price? The purchase price of the bond is (Round the final answer to the nearestent as needed. Round a termediate values to six decimal places as needed.) Step by Step Solution
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