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Question 1 (3 points) Saved A $19,000 bond pays interest at 3.8% compounded semi-annually and is redeemable in 12 years. The bond is purchased at
Question 1 (3 points) Saved A $19,000 bond pays interest at 3.8% compounded semi-annually and is redeemable in 12 years. The bond is purchased at 97.5. Calculate the yield rate. Format BIU. W IMI illi ... PMT Setting N I/Y P/Y C/Y PV PMT FV Ea
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Managerial Finance
Authors: John Fred Weston, Eugene F. Brigham, John Boyle, Robin John Limmack
1st Edition
0039101975, 978-0039101978
