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Question 11 Not yet answered A bond with a face value of $11000, earning interest of 24% annually paid every two months ($440.000 every two

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Question 11 Not yet answered A bond with a face value of $11000, earning interest of 24% annually paid every two months ($440.000 every two months) is offered for sale. The maturation time for the bond is 6 years. How much should be paid for the bond if the yield rate is 12% compounded bimonthly? Marked out of 4.00 Flag question 577226.427 $26745.275

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