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gewusel gewusel
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4 years ago
Clarington issued 15 year bonds in the amount of $500 000. Interest on the bonds is 2.2% payable annually. What is the issue price of the bonds, if the bonds are sold to yield 2.8% compounded quarterly?
A) $329 004
B) $132 950
C) $461 954
D) $330 425
E) $343 749
Textbook 

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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AxyAxy
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4 years ago
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