Engineering Economy
Engineering Economy
8th Edition
ISBN: 9780073523439
Author: Leland T Blank Professor Emeritus, Anthony Tarquin
Publisher: McGraw-Hill Education
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Chapter 1, Problem 11P
To determine

Calculation of the future amount.

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How much would you pay for a 4%, 10-year bond with a par (and redemption) value of $10,000 that pays a dividend semiannually if you wanted to earn an 8% return.
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