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23 Nov 2019
Chuck purchased a corporate bond was purchased for $8,950. The face value of the bond is $10,000 and matures after 10 years. The bond pays a 13% interest with quarterly dividends. Determine the effective interest rate that Chuck would receive when the bond matures, if it has paid dividends as scheduled.
Chuck purchased a corporate bond was purchased for $8,950. The face value of the bond is $10,000 and matures after 10 years. The bond pays a 13% interest with quarterly dividends. Determine the effective interest rate that Chuck would receive when the bond matures, if it has paid dividends as scheduled.
17 Feb 2024
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Jean KeelingLv2
16 Jan 2019
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