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Nikolas Nikolas
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9 months ago
A Government of Nova Scotia bond was issued on July 14, 2012 with a maturity date of July 14, 2042. If the bond was purchased on July 14, 2032 and has a coupon rate of 2.2% compounded semiannually with a market rate of 3.5% 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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9quatroquatro99quatroquatro9
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