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A $10,000 bond was issued on January 1, 2017 and it will mature in 30 years. The bond rate is 10% ...

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A $10,000 bond was issued on January 1, 2017 and it will mature in 30 years. The bond rate is 10% ...

A $10,000 bond was issued on January 1, 2017 and it will mature in 30 years. The bond rate is 10% compounded semiannually and the current market interest rate has gone down from 9% to 8.6% compounded semiannually. What is the gain or loss on the bond due to the change of interest rates based on:

a) July 1, 2025?
b) July 1, 2042?

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Business Mathematics in Canada

Edition: 11^th

Authors: Jerome, Worswick

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thenamehobbs Author

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Thank you, thank you, thank you!

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Helped a lot

byehoe

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Good timing, thanks!

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