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Define what is the bond rate

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Reference no: EM132500088

A $8900 bond bearing interest at 4.6% payable semi-annually is due in 8 years. Money is worth 7.3% compounded semi-annually.

Question 1: What is the bond rate?

Select one:

a. 7.3% compounded semi-annually

b. 4.6% payable semi-annually

Reference no: EM132500088

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