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Home Q & A Board Science-Related Homework Help Mathematics
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agoldberg2011 agoldberg2011
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3 months ago
Your sister paid $267.05 for a $1,000 face value strip bond. At this price the investment will yield a return of 4.22% compounded semiannually. How long (to the nearest day) before its maturity date did your sister purchase the bond? Assume that each half-year has exactly 182 days.
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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Kmc14Kmc14
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3 months ago
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31 years, 6 months and 42 days
1

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agoldberg2011 Author
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3 months ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
nsak
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Yesterday
Helped a lot
jbarnett14
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2 hours ago
Thank you, thank you, thank you!
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