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Home Q & A Board Science-Related Homework Help Mathematics
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ikrabbe ikrabbe
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6 years ago
A 6.3% annuity bond of $12 000 with interest payable monthly is to be redeemable at par in nine years with a yield 7.9% compounded monthly. What is the gain or loss if the bond is sold eight years after the date of purchase at 101.325?
A) $343.03 Gain
B) $343.03 Loss
C) $184.03 Gain
D) $184.03 Loss
E) $336.94 Gain
Textbook 
Contemporary Business Mathematics with Canadian Applications

Contemporary Business Mathematics with Canadian Applications


Edition: 11th
Authors:
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SupremeSupreme
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6 years ago
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ikrabbe Author
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6 years ago
You make an excellent tutor!
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this is exactly what I needed
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Helped a lot
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