An investor buys a 35 20-year bond with a face value of
An investor buys a 3.5% 20-year bond with a face value of $10000 for $10414.22. If the purchaser holds the bond to maturity, how much is the present value of the purchase at an ROI of 3.69% per year compounded semi-annually?
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an investor buys a 35 20-year bond with a face value of 10000 for 1041422 if the purchaser holds the bond to maturity
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