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Suppose that the Federal Reserve of the United States offers a bond for $635.20 at 8 years of maturity. You will not have to issue
Suppose that the Federal Reserve of the United States offers a bond for $635.20 at 8 years of maturity. You will not have to issue payments until the maturity date, at which time you will receive $950. Calculate the interest rate if you decide to buy it. Determine the interest rate if you manage to buy it at a price of $555
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
