Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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A $10 000 bond bearing interest at 5% payable semi-annually is
redeemable at par on August 04, 2035. The bond is sold on
March 24, 2021, to yield 5.3% compounded semi-annually. How
much is the bond sold for?
B
I
2:
II
!!
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Transcribed Image Text:A $10 000 bond bearing interest at 5% payable semi-annually is redeemable at par on August 04, 2035. The bond is sold on March 24, 2021, to yield 5.3% compounded semi-annually. How much is the bond sold for? B I 2: II !!
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