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Home Q & A Board Science-Related Homework Help Mathematics
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cc84sc cc84sc
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10 months ago
A 30-year, $1,000 strip bond was issued by Sun Oil Company at a yield rate of 8.8% compounded semiannually. How much money did Sun Oil borrow by issuing this bond?

▸ $17.50

▸ $75.50

▸ $755.00

▸ $1,000.00

▸ $1,750.55
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Business Mathematics in Canada

Business Mathematics in Canada


Edition: 11th
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IgnesiasIgnesias
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Anonymous
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Help! The answer is missing an explanation...
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