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    Practical Business Math Procedures Study Set 2
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    Exam 21: Stocks, Bonds, and Mutual Funds
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    Assume a Bond Sells at 97
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Assume a Bond Sells at 97

Question 124

Question 124

Short Answer

Assume a bond sells at 97.75 (pays 8% interest). What is the total interest Bill will receive at the end of each year if he buys four bonds?

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.08 × $1,0...

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