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Mathematics, 30.04.2021 07:30 Officaljazz18
I WILL GIVE BRAINLIEST PLEASE HELP FULLY (pt 6)
6. Julie bought a bond with a 5.2% coupon at its face value of $1000 and held it for 15 years, until it reached maturity. The length of the period for the bond was 6 months. Provide Julie with some assistance in determining how she made out on her investment. (5 points: Part I – 1 point; Part II – 1 point; Part III – 1 point; Part IV – 1 point; Part V – 1 point)
Part I: How many of the bond's periods were there in 1 year?
Part II: What was the periodic interest rate of the bond?
Part III: How much did the bond earn per period?
Part IV: For how many periods did Julie hold the bond?
Part V: What were Julie's total earnings on the bond?
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Answers: 1
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I WILL GIVE BRAINLIEST PLEASE HELP FULLY (pt 6)
6. Julie bought a bond with a 5.2% coupon at its...
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