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agoldberg2011 agoldberg2011
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A year 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.
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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Kmc14Kmc14
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A year ago
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agoldberg2011 Author
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This site is awesome
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Just got PERFECT on my quiz
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Thanks
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