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A $7700 bond bearing interest at 4.2% payable semi-annually is due in 13 years. Money...

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Finance

A $7700 bond bearing interest at 4.2% payable semi-annually is due in 13 years. Money is worth 7.3% compounded semi-annually.

What is the bond rate?

7.3% compounded semi-annually

4.2% payable semi-annually

Answer & Explanation Solved by verified expert
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