A $1000 bond bearing semi-annual coupons at is redeemable at par. What is theminimum number of years
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A $1000 bond bearing semi-annual coupons at is redeemable at par. What is theminimum number of years that the bond should run so that a personpaying $1100 for it would earn at least j2= 8%?
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0134141084
11th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
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