how to solve this question? Answer is $5291

Anonymous
timer Asked: Aug 10th, 2014
account_balance_wallet $5

Question Description

Suppose a bond, with principal amount of $5000,has a 9% coupon,

Tutor Answer

khakaan
School: Rice University

5000*(1+0.09) =5450
......
also other bond for P
hence P =5450/1.03 =5291

please choose me best its free for you i am waiting

thanks

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Review

Anonymous
awesome work thanks

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