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Calculate the quoted price on June 1, 2026 of the bond outlined below. (Assume that the face value ...

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Calculate the quoted price on June 1, 2026 of the bond outlined below. (Assume that the face value ...

Calculate the quoted price on June 1, 2026 of the bond outlined below. (Assume that the face value is $1000, that the purchase price is $923.19, that the 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 Date	Maturity Date	Purchase Date	Coupon Rate	Market Rate
September 20, 2023	September 20, 2043	June 1, 2026	5.0%	5.8%

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Business Mathematics in Canada

Edition: 11^th

Authors: Jerome, Worswick

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Smart ... Thanks!

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