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Home Q & A Board Science-Related Homework Help Mathematics
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Blittle5 Blittle5
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4 months ago
Seventeen years after it was first issued at 11% compounded semiannually, a 30-year, $1,000 strip bond was sold on the bond market at a price that would provide the purchaser with a yield rate of 6.4% compounded semiannually. What was the selling price at that time?

▸ $440.89

▸ $342.68

▸ $248.56

▸ $161.96

▸ $103.78
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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mr.pogimr.pogi
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4 months ago
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$440.89
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Blittle5 Author
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4 months ago
Thank you, thank you, thank you!
Goku935
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Yesterday
Smart ... Thanks!
decibul
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2 hours ago
You make an excellent tutor!
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