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Mia wants to invest in Government of Canada bonds that have a par value of $20,000 and a coupon rate of 3.2 percent. The
Posted: Fri Jul 01, 2022 7:41 am
by answerhappygod
- Mia Wants To Invest In Government Of Canada Bonds That Have A Par Value Of 20 000 And A Coupon Rate Of 3 2 Percent The 1 (40.3 KiB) Viewed 25 times
Mia wants to invest in Government of Canada bonds that have a par value of $20,000 and a coupon rate of 3.2 percent. The bonds have an 11-year maturity, and Mia requires a 5 percent return. How much should Mia pay for her bonds, assuming interest is paid annually? $ (Use the TI BA II Plus financial calculator, and round to the nearest dollar.)