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By Engineering Economy No Comments

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 ?

A. P 1,122.70
B. P 1,144.81
C. P 1,133.78
D. P 1,155.06

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