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A $25,000,67% bond redeemable at par es purchased 9 years before matunity to yield 5,3% compounded sems-areually the bond anderest is payable semi-analy, what is the purchase price of the bond? The purchase price of the bonds $27479 60 lound the final amwer to the nearest cont as needed Round all intermediate values to six decimal places as needed)

A $25,000,67% bond redeemable at par es purchased 9 years before matunity to yield 5,3% compounded sems-areually the bond anderest is payable semi-analy, what is the purchase price of the bond? The purchase price of the bonds $27479 60 lound the final amwer to the nearest cont as needed Round all intermediate values to six decimal places as needed)

Essentials Of Investments
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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A $25,000,67% bond redeemable at par is purchased 9 years before matunity to yield 5 3% compounded sems-annually if the bond interest is payable semi-annually, what is the purchase price of the bond? CHE The purchase price of the bond is $27479 00 (Round the final amwer to the nearest cent as needed Round all intermediate values to six decimal places as needed)
Transcribed Image Text:A $25,000,67% bond redeemable at par is purchased 9 years before matunity to yield 5 3% compounded sems-annually if the bond interest is payable semi-annually, what is the purchase price of the bond? CHE The purchase price of the bond is $27479 00 (Round the final amwer to the nearest cent as needed Round all intermediate values to six decimal places as needed)
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