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arunasingh5 arunasingh5
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10 months ago
A 30-year, $1,000 strip bond was traded for $167, four years after it was issued. What was the semiannually compounded nominal rate at that time?

▸ 7.13%

▸ 7.00%

▸ 25.07%

▸ 12.52%

▸ 7.27%
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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hfrankoshfrankos
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10 months ago
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arunasingh5 Author
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10 months ago
Thanks for your help!!
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You make an excellent tutor!
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