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Lada Lada
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6 years ago
A $50 000 bond bears interest at 4.5% payable semi-annually and is redeemable at par on November 4, 2022. The bond is sold on March 20, 2013, to yield 5.5% compounded semi-annually. What is the cash price?
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
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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
Good timing, thanks!
aricketts6@
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Yesterday
Smart ... Thanks!
noodlelicker
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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