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A $3600, 9.8% bond with semi-annual coupons redeemable at par in 4 years was purchased...

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Finance

A $3600, 9.8% bond with semi-annual coupons redeemable at par in 4 years was purchased at 98.7.

What is the average book value?

$3553.20

$3600.00

$1818.23

$3576.60

Answer & Explanation Solved by verified expert
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