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Business, 28.04.2021 23:20 kereshmeh

Bateman Enterprises invested in the bonds of Greater Gloucester on January​ 1, 2018. These 10minus​year, $ 400 comma 000 bonds pay interest of 3​% with semiannual payments every June 30 and December 31. The effective rate of interest for similar bonds on January 1 was​ 4%. What is the semiminusannual interest payment received by Bateman for these​ bonds?

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Bateman Enterprises invested in the bonds of Greater Gloucester on January​ 1, 2018. These 10minus​y...
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