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A P 1 000 6 bond pays dividend semiannually and will...

This question belongs to Civil Engineering Engineering Economics
Engineering Economics
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A P 1, 000, 6% bond pays dividend semiannually and will be redeemed at 110% on June 21, 204. It is bought on June 21, 2001 to yield 4% interest. Find the price of the bond.

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Correct Answer: Option B
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