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Home Q & A Board Science-Related Homework Help Mathematics
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waterman7833 waterman7833
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6 months ago
A 25-year, $1,000 strip bond was first issued at 5.5% compounded semiannually. Five years before maturity it was sold on the bond market at a price that would provide the purchaser with a yield rate of 6.8% compounded semiannually. To the nearest dollar, what was the selling price at that time?

▸ $338

▸ $263

▸ $762

▸ $716

▸ $258
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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maneee1maneee1
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6 months ago
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$716
1

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waterman7833 Author
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6 months ago
You make an excellent tutor!
ky
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Yesterday
Good timing, thanks!
DAGINC
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2 hours ago
This helped my grade so much Perfect
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