Question: A $10,000 bond with 12%/year compounded semiannually is available in the market. How much will you purchase this bond if you can earn 12%/yr compounded
A $10,000 bond with 12%/year compounded semiannually is available in the market. How much will you purchase this bond if you can earn 12%/yr compounded quarterly?
edit: that is the whole question.
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