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April 18, 2014

Homework Help: Business math

Posted by Liz c on Tuesday, October 26, 2010 at 12:48am.

Determine the selling price of a 15-year, 4.725% bond, with $1000 maturity value, with a yield of 4.735%. (Assume twice-yearly interest payments. Round your answer to the nearest cent.)
PV = $ 1

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