Top Posters
Since Sunday
y
2
s
2
2
a
1
w
1
w
1
i
1
m
1
s
1
c
1
k
1
1
Home Q & A Board Science-Related Homework Help Mathematics
New Topic  
SirJohnny SirJohnny
wrote...
Go to Answer
Posts: 127
Rep: 0 0
A year ago
A government hydro bond was issued on April 23, 2015 with a maturity date of April 23, 2035. If the bond was purchased on April 23, 2025 and has a coupon rate of 2.4% compounded semiannually with a market rate of 1.8% compounded semiannually, what was the value of the bond on the date purchased? Assume a par value of $1,000.
Textbook 
Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
Read 51 times
1 Reply
Replies
Answer verified by a subject expert
prospectjayprospectjay
wrote...
#1
Posts: 145
Rep: 1 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

SirJohnny Author
wrote...

A year ago
You make an excellent tutor!
Jose^2
wrote...

Yesterday
Thanks
Natalie Price
wrote...

2 hours ago
Correct Slight Smile TY
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1044 People Browsing
 143 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 882
  
 701
  
 838
Your Opinion
How often do you eat-out per week?
Votes: 81
Previous poll results: Where do you get your textbooks?