The semiannual bond interest payment

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Reference no: EM13771359

M. Poirot wishes to sell a bond that has a face value of $1,000. The bond bears an interest rate of 9% with bond interest payable semiannually. Six years ago, $980 was paid for the bond. At least a 12% return (yield) on the investment is desired.

A. The semiannual bond interest payment that M. Poirot received is _________

B. The minimum selling price must be __________

Reference no: EM13771359

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