Solution-What price must the state sell its bonds assume no

What price must the state sell its bonds assume no cash

Reference no: EM131130709

An Iowa state savings bond can be converted to $100 at maturity 6 years from purchase. If the state bonds are to be competitive with U.S. savings bonds, which pay 8% annual interest (compounded annually), at what price must the state sell its bonds? Assume no cash payments on savings bonds prior to redemption.

Reference no: EM131130709

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What price must the state sell its bonds assume no cash : An Iowa state savings bond can be converted to $100 at maturity 6 years from purchase. If the state bonds are to be competitive with U.S. savings bonds, which pay 8% annual interest (compounded annually), at what price must the state sell its bonds? ..

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What price must the state sell its bonds assume no cash

Reference no: EM131130709

Reference no: EM131130709

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