Question: ( b ). A bond has a face value of 5000, it pays a bond interest rate of 6 % per year with quarterly payments.

( b ). A bond has a face value of 5000,

( b ). A bond has a face value of 5000, it pays a bond interest rate of 6 % per year with quarterly payments. You received a yearly rate of return 12% after holding it for 4 years. The selling price was 7000. What was the purchase price of the bond

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