A $5000 bond with 8% interest payable semi-annually redeemable at par on June 1, 2031, was bought

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A $5000 bond with 8% interest payable semi-annually redeemable at par on June 1, 2031, was bought on December 1, 2017, to yield 9% compounded semi-annually. The bond was sold on September 22, 2021, at 101.375.

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Contemporary Business Mathematics With Canadian Applications

ISBN: 9780135285015

12th Edition

Authors: Ali R. Hassanlou, S. A. Hummelbrunner, Kelly Halliday

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Question Posted: Oct 27, 2020 07:09 AM

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A $5000 bond with 8% interest payable semi-annually redeemable at par on June 1, 2031, was bought

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Contemporary Business Mathematics With Canadian Applications

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