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BA/350 BA/350 ASSIGNMENT CH6 PROBLEM 13 -ANSWER KEY

BA/350 BA/350 ASSIGNMENT CH6 PROBLEM 13 -ANSWER KEY
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Price: $4.99
Availability: In Stock
Model: A
Average Rating: 5 out of 5 Stars!

BA/350 ASSIGNMENT CH6 PROBLEM 13

Pam Smith just inherited a $1,000 face value KS inc bond from her grandmother. The bond clearly  indicates 12% coupon rate, but the maturity date has been smudged and can not be read. Pam called a broker and determined that similar bonds are currently returning about 8% and that her bond is selling for $1,326.58. How many more interest payments can pam expect to receive on her inherited bond?

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