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Q7 A$14,500 bond that has a coupon rate of 5.80% payable semi-annually and maturity of 5 years was purchased when the yield was 4.80% compounded
Q7
A$14,500 bond that has a coupon rate of 5.80\% payable semi-annually and maturity of 5 years was purchased when the yield was 4.80\% compounded semi-annually. What was the book value of the bond after 5 payments? Round to the nearest cent Step by Step Solution
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