A $10 000, 10% bond with quarterly coupons redeemable at par in 15 years is purchased to

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A $10 000, 10% bond with quarterly coupons redeemable at par in 15 years is purchased to yield 11% compounded quarterly. Determine the purchase price of the bond.

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Question Posted: Feb 26, 2016 04:17 AM

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A $10 000, 10% bond with quarterly coupons redeemable at par in 15 years is purchased to

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Contemporary Business Mathematics with Canadian Applications

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