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What is the purchase price of a bond with dividend rate

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Problem 1: What is the purchase price of a 9,000 bond with dividend rate at 7%, compounded semiannually on August 1 and February 1, redeemable at 109 on August 1, 1995 was purchased on February 1, 1985 to yield 6% compounded semi-annually?(Bond Valuation)

Reference no: EM132771631

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