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MANUAL COMPUTATION PLEASE ANSWER ASAP A $5,000 bond redeemable in 10 years bearing interest at 6.5% payable semi annually is bought 6 years before maturity
MANUAL COMPUTATION PLEASE ANSWER ASAP
A $5,000 bond redeemable in 10 years bearing interest at 6.5% payable semi annually is bought 6 years before maturity to yield 7.5% compounded semi-annually. Determine the size of the interest payments.
a. 375.50
b. 187.50
c. 325.75
d. 162.50
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