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samualson samualson
wrote...
Posts: 2459
5 years ago
A bond will pay $5,000 at maturity in 9 years. It also makes semiannual interest payments of $400 until maturity. If the discount rate is 7% compounded semiannually, what should be the market price of the bond?
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Replies
wrote...
5 years ago
 $7,967.68
 
samualson Author
wrote...
5 years ago
Thank you
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