Top Posters
Since Sunday
38
o
10
j
9
m
9
C
8
s
8
a
8
f
8
y
8
n
8
d
8
M
7
Home Q & A Board Science-Related Homework Help Mathematics
New Topic  
doggerfresh doggerfresh
wrote...
Go to Answer
Posts: 118
Rep: 0 0
6 months ago
Four years after it was first issued at 6% compounded semiannually, a 25-year, $10,000 strip bond was sold on the bond market at a price that would provide the purchaser with a yield rate of 4.8% compounded semiannually. To the nearest dollar, what was the selling price at that time?

▸ $2,281

▸ $2,667

▸ $2,890

▸ $3,693

▸ $3,736
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
Read 32 times
1 Reply
Replies
Answer verified by a subject expert
KocojdaKocojda
wrote...
#1
Posts: 128
Rep: 0 0
6 months ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
$3,693
1

Related Topics

doggerfresh Author
wrote...

6 months ago
Good timing, thanks!
novae
wrote...

Yesterday
Thank you, thank you, thank you!
kater28
wrote...

2 hours ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  376 People Browsing
 225 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 284
  
 314
  
 108
Your Opinion
Where do you get your textbooks?
Votes: 218
Previous poll results: What percentage of nature vs. nurture dictates human intelligence?