On january 1 2005 this bond was sold for 110000 dollars, Finance Basics

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On january 1 2005 this bond was sold for 110000 dollars

A small company bought a BMI bond at its face value on January 1st, 1995. This bond pays interest of 1.25% every six months. The face value of the bond is $100,000 and it matures on December 31, 2006. On January 1, 2005, this bond was sold for 110,000 dollars. What interest rate per six months was earned by the company on the BMI bond?

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Finance Basics: On january 1 2005 this bond was sold for 110000 dollars

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Finance Basics: On january 1 2005 this bond was sold for 110000 dollars

Reference No:- TGS0641600

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : A tank contains 650 cubic feet of waterthe water will be

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Q : A circular aluminum tube of l600 mm is loaded in

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Request for Solution File

Ask an Expert for Answer!!

Finance Basics: On january 1 2005 this bond was sold for 110000 dollars

Reference No:- TGS0641600

Recent Questions Asked Finance Basics

Q : A tank contains 650 cubic feet of waterthe water will be

Q : A us government bond matures in 10 years its quoted price

Q : A circular aluminum tube of l600 mm is loaded in

Q : If the installed cost of the motor is 3500 what is the

Q : On january 1 2005 this bond was sold for 110000 dollars

Q : Determine the mass and specific volume of argon gas in a

Q : Initially the translational rms speed of a molecule of an

Q : A hollow circular gray cast-iron pipe supports a red brass

Q : The dry weight of a core is 2820 gm when saturated with a

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