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    Exam 8: Compound Interest: Future Value and Present Value
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    What Price Should Be Paid for a $5000 Face Value
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What Price Should Be Paid for a $5000 Face Value

Question 21

Question 21

Short Answer

What price should be paid for a $5000 face value strip bond with 19.5 years remaining to maturity if it is to yield the buyer 6.1% compounded semiannually?

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