A 10000 bond due in 20 years has a 5 interest rate payments


A $10,000 bond, due in 20 years has a 5% interest rate. Payments are semiannually with the first payment 6 months from now. What should the price of the bond be to have a yield of nominal 7% compounded semiannually?

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Financial Accounting: A 10000 bond due in 20 years has a 5 interest rate payments
Reference No:- TGS01000927

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