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What was the book value of the bond after nine payments

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Reference no: EM132962595

Problem 1: A $4,500 bond that has a coupon rate of 6.30% payable semi-annually and maturity of 7 years was purchased when the yield was 4.90% compounded semi-annually. What was the book value of the bond after 9 payments?

Reference no: EM132962595

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