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Svetlana purchased a $10,000 bond with a coupon rate of 7% compounded semi-annually that was redeemable on May 1, 2028. She purchased the bond on
Svetlana purchased a $10,000 bond with a coupon rate of 7% compounded semi-annually that was redeemable on May 1, 2028. She purchased the bond on September 7, 2019 when the yield rate was 6% compounded semi-annually. What was the purchase price of the bond?
Purchase Date: Redemption Date: Interest Date immediately BEFORE purchase date:
Interest Date immediately AFTER purchase date:
PMT Setting | ||
N | ||
I/Y | ||
P/Y | ||
C/Y | ||
PV | ||
PMT | ||
FV |
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