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gewusel gewusel
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6 years ago
A $63 000 bond bearing interest at 9.1% bond payable semi-annually matures in 20 years. If it is bought to yield 11.1% compounded semi-annually, what is the purchase price of the bond?
A) $7261.24
B) $2866.50
C) $45 695.74
D) $52 956.98
E) $74 510.72
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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AxyAxy
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6 years ago
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wrote...
#2
4 years ago
thank you
Anonymous
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#3
A year ago
A $50 000 bond bearing interest at 6.5% bond payable semi-annually matures in 10 years. If it is bought to yield 5.7% compounded semi-annually, what is the purchase price of the bond?
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