Question 10 Not yet answered Marked out of 4.00 P Flag question A bond with a face value of $16000, earning interest of 24% annually paid every two months ($640.000 every two months) is offered for sale. The maturation time for the bond is 5 years. How much should be paid for the bond if the yield rate is 12% compounded bimonthly? O $ 23166.866 O $ 22498.654 O $ 23433.544 O $ 32186.405 O $ 34541.633 Previous page Next page