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Six $2200 bonds with 2.5% coupons payable semi-annually are bought to yield 4% compounded monthly. If the bonds are redeemable at par in eight years,
Six $2200 bonds with 2.5% coupons payable semi-annually are bought to yield 4% compounded monthly. If the bonds are redeemable at par in eight years, what is the purchase price?
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
12th edition
1285850033, 978-1305480698, 1305480694, 978-0357688236, 978-1285850030
