A bond with a face value of $1,000 pays half-yearly interest at a rate of7% pacompounded half-yearly

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A bond with a face value of $1,000 pays half-yearly interest at a rate of7% pacompounded half-yearly and has 11 years until maturity. The next interest payment is due in exactly one half-year. Calculate the price (P) required to yield2% pacompounded half-yearly. Give your answer in dollars and cents to the nearest cent.

P = $

Posted Date: May 20, 2024 02:07 AM

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A bond with a face value of $1,000 pays half-yearly interest at a rate of7% pacompounded half-yearly

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