Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Transcribed Image Text: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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