A company has issued a $20,000, 10 year bond. Each bond pays interest quarterly of...
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Finance
A company has issued a $20,000, 10 year bond. Each bond pays interest quarterly of 2%. Determine the amount a purchaser has to pay for the bond, if it yield a 12% compounded quarterly
a. PW - $28,000
b. PW - $32,000
c. PW - $31, 902
d. PW - $15,378
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