A Montana state bond can be converted to $1,000 within 5 years of purchase. If the Montana bonds are comparable to Wyomi

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answerhappygod
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A Montana state bond can be converted to $1,000 within 5 years of purchase. If the Montana bonds are comparable to Wyomi

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A Montana state bond can be converted to $1,000 within 5 years of purchase. If the Montana bonds are comparable to Wyoming bonds that pay 5% compounded annually, determine the price of the Montana bonds. They are zero coupon bonds.
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