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If a $6,000, 10%, 10-year bond, was issued on October 1, 2015 and the market rate was 8% at the time, then how much will
If a $6,000, 10%, 10-year bond, was issued on October 1, 2015 and the market rate was 8% at the time, then how much will the bond sell for at the time of issue if interest is compounded annually? Select one: . $$6,600 . $6,805 . $5,454 D. $5,600 CE $6,000
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