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Home Q & A Board Science-Related Homework Help Mathematics
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Lada Lada
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6 years ago
A $50 000 bond bearing interest at 5.5% payable semi-annually is redeemable at par on August 10, 2033. The bond is sold on the primary market on December 10, 2013, to yield 5% compounded semi-annually. Determine
a) calculate the market price;
b) the accrued interest;
c) the cash price.
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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SupremeSupreme
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3 years ago
thank you
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3 years ago
ty
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