Bill Mitselfik has purchased a bond that was issued by Acme Chemical. This bond has a face value of $ and pays a dividend of % per year, compounded semi-annually. Bill bought the bond years ago at face value and there are years remaining until the bond matures. Bill wishes to sell it now for a price that will result in Bill earning an annual yield of % compounded semi-annually. What price does Bill need to sell the bond for to earn his desired return? The selling price of the bond should be $ nothing. (Round to the nearest dollar.)
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Bill Mitselfik has purchased a bond that was issued by Acme Chemical. This bond has a face value of...
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