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Question 1 Not yet answered Marked out of 6.00 Flag question A $50 million face value bond with a coupon rate of 4% was sold
Question 1 Not yet answered Marked out of 6.00 Flag question A $50 million face value bond with a coupon rate of 4% was sold at 98.5 . The bond matures in 10 years and pays interest semi-annually. What was the balance of the bond at the end of year 10 ? Using two decimal places, enter your value with a $ symbol and appropriate comma separator. For example, $12,345,678.91
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