A $3600, 9.8% bond with semi-annual coupons redeemable at par in 4 years was purchased at 98.7.
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A $3600, 9.8% bond with semi-annual coupons redeemable at par in 4 years was purchased at 98.7.
What is the average book value?
Related Book For
Contemporary Business Mathematics with Canadian Applications
ISBN: 978-0133052312
10th edition
Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs
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