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Bluffinmuffin Bluffinmuffin
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9 months ago
A $5000 bond was sold for $4860 (flat) on September 17. If the bond pays $200 interest on June 1 and December 1 of each year until maturity, what price (expressed as a percentage of face value to the nearest 0.01%) would have been quoted for bonds of this issue on September 17?
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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knh1473knh1473
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9 months ago
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Bluffinmuffin Author
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9 months ago
Helped a lot
riptide
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Yesterday
Thanks
sudenzia
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Brilliant ツ
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