Page 1 of 1
9. Four years after it was first issued at 6% compounded semiannually, a 25-year, $10,000 strip bond was sold on the bon
Posted: Sat Nov 27, 2021 5:33 pm
by answerhappygod
- 9 Four Years After It Was First Issued At 6 Compounded Semiannually A 25 Year 10 000 Strip Bond Was Sold On The Bon 1 (14.76 KiB) Viewed 44 times
9. Four years after it was first issued at 6% compounded semiannually, a 25-year, $10,000 strip bond was sold on the bond market at a price that would provide the purchaser with a yield rate of 4.8% compounded semiannually. To the nearest dollar, what was the selling price at that time? (4 marks)