A $10 000, 6% bond with semi-annual coupons is redeemable at par. What is the purchase price

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A $10 000, 6% bond with semi-annual coupons is redeemable at par. What is the purchase price to yield 7.5% compounded semi- annually
(a) 9 years before maturity?
(b) 15 years before maturity?

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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 04:14 AM

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A $10 000, 6% bond with semi-annual coupons is redeemable at par. What is the purchase price

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Contemporary Business Mathematics with Canadian Applications

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