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purchased 5 , $ $1,000 , 7 % bonds of Simplex Corporation when the market rate of interest was 1 2 %. Interest is paid semiannually on the bonds,...

Corp. purchased 5​, $ $1,000​, 7​% bonds of Simplex Corporation when the market rate of interest was 12​%. Interest is paid semiannually on the​ bonds, and the bonds will mature in five years.



Desmond paid what amount ​$ on the bond investment?

Top Answer

Present value of each bond = PV(6%,10,-35) + 1000/1.06^10 =... View the full answer

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Since there are 5... View the full answer

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