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Discrete compounding periods

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A bond with a face value of ?$4,000 pays quarterly interest of 3.5 per cent each period. Thirty-four interest payments remain before the bond matures. How much would you be willing to pay for this bond today if the next interest payment is due now and you want to earn 6 per cent compounded quarterly on your? money? for discrete compounding periods when i=1.5?%.

Reference no: EM133084040

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