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Home Q & A Board Science-Related Homework Help Mathematics
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billafin billafin
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A year ago
A Government of Manitoba bond was issued on May 1, 2019 with a maturity date of May 1, 2030. If the bond was purchased on May 1, 2023 and has a coupon rate of 1.2% compounded semiannually with a market rate of 1.5% compounded semiannually, what was the value of the bond on the date purchased? Assume a par value of $1,000.
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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Dark_ShadowDark_Shadow
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billafin Author
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A year ago
Helped a lot
SUmmerPeople
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Thanks for your help!!
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Thanks
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