Nine $10 000, 4% bonds with interest payable semi-annually and redeemable at par are purchased 8.5 ...

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Nine $10 000, 4% bonds with interest payable semi-annually and redeemable at par are purchased 8.5 ...

Nine $10 000, 4% bonds with interest payable semi-annually and redeemable at par are purchased 8.5 years before maturity. Find the premium or discount and the purchase price if the bonds are bought to yield 6%.

Textbook

Contemporary Business Mathematics with Canadian Applications

Edition: 11^th

Authors: Hummelbrunner, Halliday, Hassanlou, Coombs

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More solutions for this book are available here

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gewusel Author

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Thanks for your help!!

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this is exactly what I needed

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Helped a lot

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