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What was the book value of the bond after five payments

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Reference no: EM132962600

Problem 1: A $13,000 bond that has a coupon rate of 5.50% payable semi-annually and maturity of 4 years was purchased when the yield was 4.80% compounded semi-annually. What was the book value of the bond after 5 payments?

Reference no: EM132962600

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