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Home Q & A Board Science-Related Homework Help Mathematics
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Lada Lada
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6 years ago
A $100 000 face value strip bond has 6 years remaining until maturity. If the current market return rate is 4% compounded semi-annually, what is the fair market value of the strip bond?
A) $78 849
B) $79 031
C) $88 797
D) $100 000
E) $126 824
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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josanjosan
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6 years ago
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Lada Author
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6 years ago
You make an excellent tutor!
shelbycox
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This calls for a celebration Person Raising Both Hands in Celebration
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Thank you, thank you, thank you!
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