A $5000, 7% bond with semi-annual coupons redeemable at par on December 15, 2026, was purchased on

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A $5000, 7% bond with semi-annual coupons redeemable at par on December 15, 2026, was purchased on November 9, 2015, to yield 8.5% compounded semi- annually. Determine the cash price.

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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 $5000, 7% bond with semi-annual coupons redeemable at par on December 15, 2026, was purchased on

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Face value 500000 b 35 Principal 500000 i 425 Interest dates Dece...View the full answer

Contemporary Business Mathematics with Canadian Applications

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