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Find the price par value bond

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Problem 1: How much will you have if you invest $1000 for 5 years 6 months at 4% interest compounded quarterly? (Round your answer to the nearest cent.)

Problem 2: Find the price of a $5000 par value bond that matures in 10 years with an annual coupon rate of 2%. The interest rate on investments is 3% annually. All work must be done by hand, showing all steps.

Reference no: EM132768850

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