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Question 4 (5 points) A bond is issued at a price of $500 and pays a interest of $40 per year for the next 7
Question 4 (5 points) A bond is issued at a price of $500 and pays a interest of $40 per year for the next 7 years. If the interest rate in the market is 9% and the bond is redeemed for a price of $550 then what is the price of the bond today
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CIA Part 1 Essentials Of Internal Auditing Certified Internal Auditor 2019
Authors: Muhammad Zain
1st Edition
1091949182, 978-1091949188
