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POBU's bonds have a 10-year maturity, a 6.25% semiannual coupon, and a par value of $1,000. The going interest rate is 4.75%, based on semiannual
POBU's bonds have a 10-year maturity, a 6.25% semiannual coupon, and a par value of $1,000. The going interest rate is 4.75%, based on semiannual compounding. What is the bond's price?
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Statistics Unlocking The Power Of Data
Authors: Robin H. Lock, Patti Frazer Lock, Kari Lock Morgan, Eric F. Lock, Dennis F. Lock
1st Edition
0470601876, 978-0470601877
