A $5000, 4% bond with interest payable semi-annually is redeemable at par in 12 years. What is
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(a) 3% compounded semi-annually?
(b) 5% compounded semi-annually?
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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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