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shepherd shepherd
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8 years ago
A 20-year bond has a coupon rate of 6% annually and a principal of $1,000. Alternative bonds are paying a rate of 5%. What is the value of the bonds?
A) $1,000.00      B) $1,124.72
C) $747.72      D) not enough information given
Textbook 
Personal Finance

Personal Finance


Edition: 5th
Author:
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tityltityl
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8 years ago
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shepherd Author
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#2
8 years ago
Exactly what I wanted!
wrote...
#3
8 years ago
Happy to help Slight SmileSlight Smile
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