Business, 15.10.2019 22:00 CHRONICxDJ
Leann just sold a $10,000 par value bond for $9,800. the bond interest rate was 7% per year payable quarterly. leann owned the bond for 3 years. the 1st interest payment she received was 3 months after she bought the bond. she sold it immediately after receiving her 12th interest payment. leann’s yield on the bond was 13% per year compounded quarterly. determine the price she paid when she purchased the bond.
Answers: 1
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Leann just sold a $10,000 par value bond for $9,800. the bond interest rate was 7% per year payable...
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