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Riley purchased a bond for 1200 11 years ago. The bond rate

Paper help Economics Riley purchased a bond for 1200 11 years ago. The bond rate

Economics

Riley purchased a bond for 1200 11 years ago. The bond rate

Riley purchased a bond for 1200 11 years ago. The bond rate is 3 percent and the face value is 1,00… Show more Riley purchased a bond for 1200 11 years ago. The bond rate is 3 percent and the face value is 1,000. What should the selling price be in order to obtain a yield of 6.4 percent? • Show less

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