A investor has purchased 10-year bonds with a face value of
A investor has purchased 10-year bonds, with a face value of $13,000. Interest at 8% is paid quarterly. If she desires to earn 12% nominal interest (compounded quarterly), what would the purchase price have to be?
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a investor has purchased 10-year bonds with a face value of 13000 interest at 8 is paid quarterly if she desires to
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