A bond pays $1000 interest at the end of every year for the next 30 years. What
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A bond pays $1000 interest at the end of every year for the next 30 years. What is the current economic value of each of the 15th and 30th payments if we discount the payments at
a. 4% compounded semiannually?
b. 8% compounded semiannually?
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a For the 15th payment i 42 2 and n 215 30 Economic value o...View the full answer
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Related Book For
Fundamentals Of Business Mathematics In Canada
ISBN: 9781259370151
3rd Edition
Authors: F. Ernest Jerome, Jackie Shemko
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