A $1,000, 9.50% semiannual bond is purchased for $1,010. If the bond is sold after three years

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A $1,000, 9.50% semiannual bond is purchased for $1,010. If the bond is sold after three years and six interest payments, what should the selling price be to yield a 10% return on the investment?

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Contemporary Engineering Economics

ISBN: 978-0136118480

5th edition

Authors: Chan S. Park

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Question Posted: Apr 21, 2016 06:39 AM

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A $1,000, 9.50% semiannual bond is purchased for $1,010. If the bond is sold after three years

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Given Purchase price 1010 par value 1000 co...View the full answer

Contemporary Engineering Economics

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