Determine the interest payment for the following three bonds. (Assume a $1,000 par value.) (Round...
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Determine the interest payment for the following three bonds. (Assume a $1,000 par value.) (Round your answers to 2 decimal places.) A bond issued by IBM on December 1,1996 , is scheduled to mature on December 1,2096 . If today is December 2,2015 , what is this bond's time to maturity? (Use 365 days a year.)
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