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You purchase a Government of Canada bond that pays a 5% coupon rate when the yield on government bonds is 8%. The bond has a
You purchase a Government of Canada bond that pays a 5% coupon rate when the yield on government bonds is 8%. The bond has a term-tomaturity of 10 years. What is the price that you paid for this bond? a. $79.61 b. $101.21 c. $88.09 d. $100.00 True/False: As a general rule, good financial management requires that management pay payables quickly, and allow receivables to remain outstanding for long periods of time. a. False b. True
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