Solved: Calculate the price of the bond that you are purchasing, Microeconomics

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Calculate the price of the bond that you are purchasing

Discussion:

You are purchasing a 7-year discount bond with a face value of 159. At the time of purshase it had an interest rate of 4%. Calculate the price of the bond that you are purchasing. Please express your answer in dollars to the penny. You should enter a number, with NO dollar sign.

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Microeconomics: Calculate the price of the bond that you are purchasing

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Microeconomics: Calculate the price of the bond that you are purchasing

Reference No:- TGS01812628

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