A $20,000, 10% bond with semi-annual coupons redeemable at par March 1, 2021, was purchased on November

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A $20,000, 10% bond with semi-annual coupons redeemable at par March 1, 2021, was purchased on November 15, 2014, to yield 9% compounded semi-annually. What was the purchase price of the bond?

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College Mathematics for Business Economics Life Sciences and Social Sciences

ISBN: 978-0321614001

12th edition

Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen

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Posted Date: Dec 09, 2020 08:12 PM

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A $20,000, 10% bond with semi-annual coupons redeemable at par March 1, 2021, was purchased on November

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College Mathematics for Business Economics Life Sciences and Social Sciences

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