Answered: 9. A $20,000, 10% bond with semi-annual…

9. 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?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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9. 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?
please use TI BAII calculator

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