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April 23, 2014

Homework Help: accounting

Posted by joe on Monday, February 23, 2009 at 10:35am.

What would you pay for a $50,000 debenture bond that matures in 15 years and pays $5,000 a year in interest if you wanted to earn a yield of: (Round computations to 2 decimal places and use the rounded amounts to calculate the final answer. Round the final answer to 2 decimal places.

(a) 8%?

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