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Home Q & A Board Science-Related Homework Help Mathematics
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Neptunesx101x Neptunesx101x
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A year ago
In 1891, a trading company purchased perpetual bonds from the Bank of England that paid a fixed interest rate. These bonds paid only the interest every six months—the principal amount of the debt would never be repaid. The owner of a $500 face-value receives $3.55 every six months. What is the fixed interest rate (on the face value) paid by the bonds? Calculate your answer to two decimal places.
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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ordinarykathyordinarykathy
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A year ago
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Neptunesx101x Author
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A year ago
this is exactly what I needed
aricketts6@
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Yesterday
Thank you, thank you, thank you!
hpascoe
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2 hours ago
Good timing, thanks!
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