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Home Q & A Board Science-Related Homework Help Mathematics
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thenamehobbs thenamehobbs
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11 months ago

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

Business Mathematics in Canada


Edition: 11th
Authors:
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OCbobaOCboba
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11 months ago
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thenamehobbs Author
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11 months ago
This helped my grade so much Perfect
logbi
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Yesterday
Helped a lot
annielin111
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2 hours ago
Good timing, thanks!
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