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MrsSmitty MrsSmitty
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2 years ago
The price of a bond with an 6% coupon rate paid semi-annually, a par value of $1,000, and fifteen years to maturity is the present value of

▸ 15 payments of $30 at 6 month intervals plus $1,000 received at the end of the fifteenth year.

▸ 15 payments of $60 at 6 month intervals plus $1,000 received at the end of the fifteenth year.

▸ 30 payments of $30 at 6 month intervals plus $1,000 received at the end of the fifteenth year.

▸ 30 payments of $60 at 1 year intervals plus $1,000 received at the end of the 30th year.
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
Authors:
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mmorris1537mmorris1537
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2 years ago
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MrsSmitty Author
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Brilliant ツ
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Helped a lot
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