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please answer this correctly, I am on my last attempt. It is fine to use FINANCIAL CALCULATOR on this. Just make sure it is correct
please answer this correctly, I am on my last attempt. It is fine to use FINANCIAL CALCULATOR on this. Just make sure it is correct since it is my last attempt for the problem.
0/1 E View Policies Show Attempt History Current Attempt in Progress Your answer is incorrect. You have just purchased a municipal bond with a $10,000 par value for $9,500. You purchased it immediately after the previous owner received a semiannual interest payment. The bond rate is 6.6% per year payable semiannually. You plan to hold the bond for 4 years, selling the bond immediately after you receive the interest payment. If your desired nominal yield is 9.5% per year compounded semiannually, what will be your minimum selling price for the bond? $ Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is +5. Click here to access the TVM Factor Table Calculator Last saved 1 minute ago. Saved work will be auto-submitted on the due date. Attempts: 2 of 3 used Submit Answer Save for LaterStep by Step Solution
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