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$600,000 bond that last 10 years, 7% , market rate of 6%, and paid twice a year.
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Question

$600,000 bond that last 10 years, 7% , market rate of 6%, and paid twice a year.

a) find bonds issue price

b) find interest payment on july 2020(after the first 6 months)

Step-by-step answer

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