A bond is purchased for 8500 dollars the par value is 10000, Ask an Expert

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A bond is purchased for 8500 dollars. the par value is 10,000 and the bond interest rate is 6% payable semi annually. the holder keeps it for exactly 6 years and then sells the bond immediately after the last payment. if the holder wishes to obtain a 12% rate of return, what just the minimum selling price?

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Financial Management, Finance

Category:- Financial Management
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