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Business, 19.03.2021 18:20 reedj7736

An investor thought that market interest rates were going to decline. He paid $19,000 for a corporate bond with a face value of $20,000. The bond has an interest rate of 10% per year payable annually. If the investor plans to sell the bond immediately after receiving the 4th interest payment, how much will he have to receive in order to make a return of 14% per year? Solve using: a. tabulated factors
b. the GOAL SEEK tool on a spreadsheet.

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