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mregueral mregueral
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11 months ago
Calculate the purchase price of the $1000 face value of the bond. (Assume that bond interest is paid semiannually, that the bond was originally issued at its face value, that the bond is redeemed at its face value at maturity and that the market rate of return is compounded semiannually.)

Issue DateMaturity DatePurchase DateCoupon RateMarket Rate
June 1, 2010June 1, 2030June 1, 20165.75%4.5%
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
Authors:
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firebug210firebug210
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11 months ago
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