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Business, 06.11.2020 17:10 bvolleyball9

A 9%, $10,000 bond that has interest payable semiannually sells for $8500. Determine what the maturity date should be so that the purchaser may enjoy a 12% nominal rate of return on this investment. Contributed by Meenakshi Sundaram, Tennessee Tech University

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A 9%, $10,000 bond that has interest payable semiannually sells for $8500. Determine what the maturi...
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