M. Poirot wishes to sell a bond that has a face value of $1,000. The bond...

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M. Poirot wishes to sell a bond that has a face value of $1,000. The bond bears an interest rate of 9.07% with bond interest

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Answer 1

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face value of the bond a $ 10oo. Interest Rate z 9.07% annual interest baune 12 1000 x 6:0907x6 sem 2 $45.35 Required semiann Puschase Price > Interest Rate (l/2,6/1,12) + sp[P/,67,12) $1085 $45.3518.384) + SP(0.497) $ 10852 8 380.214 of SP (0.497) se The correct answer is $1418.08

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