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    Exam 21: Stocks, Bonds, and Mutual Funds
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    Assume That a Bond Sells at 98 ½ (Pays 15
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Assume That a Bond Sells at 98 ½ (Pays 15

Question 94

Question 94

Short Answer

Assume that a bond sells at 98 ½ (pays 15% interest). What is the total interest Bill will receive at the end of each year if Bill owns 4 bonds?

Correct Answer:

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15% = .15 ...

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