Today, a $10,000 bond bearing interest at 3% payable semi-annually will be due in 9...
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Accounting
Today, a $10,000 bond bearing interest at 3% payable semi-annually will be due in 9 years and 6 months. The bond is purchased today when money is worth 2% compounded semiannually. The bond is sold not at par. Determine the PV of the Face Value. Round your answer to 2 decimal places. (1 mark)
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