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Math Help - Bond

  1. #1
    Junior Member
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    Jun 2010
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    Bond

    On March 1, 2008, a $10,000 bond, redeemable at par in four (4) years with 11.5% coupons payable semi-annually, is sold to yield 13% compounded semi-annually.


    is the first interest payment date Sept. 01
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  2. #2
    MHF Contributor
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    Yes. Since it has 4 complete years to go.....
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