Business, 04.07.2020 14:01 staffordkimberly

An investor purchases a 12-year, $1,000 par value bond that pays semiannual interest of $40. If the semiannual market rate of interest is 5%, what is the current market value of the bond

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An investor purchases a 12-year, $1,000 par value bond that pays semiannual interest of $40. If the...

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