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Business, 30.10.2019 01:31 rosie81

Abond is purchased for $9,855.57. it is kept for 5 years, and interest is received at the end of each year. immediatelyfollowing the owner's receipt of the fifth interest payment, the owner sells the bond for $500 less than its par value. thebond rate of interest is 8 percent, and the owner’s money yields a 10 percent interest rate.3. draw a clear, completely labeled cash flow diagram ofthe entire bond transaction using dollar amounts where they areknown and using sx to represent the bonds face value. b. determine the bonds face value.

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