A $3000 issue of nine-year bonds redeemable at par offers 1.5% coupons paid semi-annually. What is the

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A $3000 issue of nine-year bonds redeemable at par offers 1.5% coupons paid semi-annually. What is the issue price of the bonds to yield 2.0% semi-annually?

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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 04:12 AM

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A $3000 issue of nine-year bonds redeemable at par offers 1.5% coupons paid semi-annually. What is the

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Face value 300000 b 075 Principal 300000 i 1 n 18 Since b ...View the full answer

Contemporary Business Mathematics with Canadian Applications

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