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Solve the Problem $10,000\$ 10,000 Bond with Interest At 4.1%4.1 \% (Compounded Semiannually)

Question 122

Multiple Choice

Solve the problem.
-Find the price (to the nearest cent) you should be willing to pay for the 15 -year $10,000\$ 10,000 bond with interest at 4.1%4.1 \% (compounded semiannually) .


A) $5440.14\$ 5440.14
B) $940.12\$ 940.12
C) $10,880.27\$ 10,880.27
D) $2995.56\$ 2995.56

Correct Answer:

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