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JZ240 JZ240
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A year 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 for its face value at maturity and that the market rate of return is compounded semiannually.)

Issue DateMaturity DatePurchase DateCoupon RateMarket Rate
October 31, 1991October 31, 2016April 30, 200816.0%5.7%
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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CJWVail2CJWVail2
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JZ240 Author
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this is exactly what I needed
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This site is awesome
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Good timing, thanks!
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