Question
You want to buy a 9 year bond with a maturity value of $6,000, and you wish to get a return of 5.5% annually.
You want to buy a 9 year bond with a maturity value of $6,000, and you wish to get a return of 5.5% annually. How much (in dollars) will you pay? (Round your answer to the nearest cent.) $
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Contemporary Engineering Economics
Authors: Chan S. Park
5th edition
136118488, 978-8120342095, 8120342097, 978-0136118480
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