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Problem 4: Calculate the market price of a bond. (Tables needed.) Determine the market price of a $750,000, ten-year, 10% (pays interest semiannually) bond issue

Problem 4:

Calculate the market price of a bond. (Tables needed.)

Determine the market price of a $750,000, ten-year, 10% (pays interest semiannually) bond issue

sold to yield an effective rate of 12%.

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