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Home Q & A Board Science-Related Homework Help Mathematics
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harry32 harry32
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6 months ago
A 25-year, $10,000 strip bond was first issued at 6% compounded semiannually. Nine 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?

▸ $3,430

▸ $3,883

▸ $5,478

▸ $5,874

▸ $6,246
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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billbyebillbye
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6 months ago
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$5,478
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harry32 Author
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6 months ago
Thanks for your help!!
elizabetheldrid
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Yesterday
Just got PERFECT on my quiz
zsc999
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2 hours ago
Thanks
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