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HIsPoCratiC HIsPoCratiC
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6 years ago
Assume you bought a $1000 par value corporation bond in 2009 for 75 1/4 with an interest rate of 7.5%. If you held the bond until maturity in 2019, what would be the total amount that you earned on this bond?
A) $750
B) $887.50
C) $779.50
D) $1000.00
E) $997.50
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Business Essentials, Canadian Edition

Business Essentials, Canadian Edition


Edition: 8th
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RoBoCoP_96RoBoCoP_96
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HIsPoCratiC Author
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#2
5 years ago
Good answer!
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