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thallium81 thallium81
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A year ago
Calculate the purchase price of the $1000 face value of the bond. (Assume that bond interest is paid semiannually, that the bond was originally issued at its face value, that the bond is redeemed at its face value at maturity and that the market rate of return is compounded semiannually.)

Issue DateMaturity DatePurchase DateCoupon RateMarket Rate
December 15, 2008December 15, 2033June 1, 20114.75%5.9%
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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TanjaGTanjaG
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A year ago
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thallium81 Author
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A year ago
this is exactly what I needed
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Thank you, thank you, thank you!
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2 hours ago
Just got PERFECT on my quiz
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