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This problem belongs to basic accounting problems and it

Problem-

A $1000, 8.5% coupon, 2 year Government of Canada bond was issued on June 1, 1986. At what price died it sell on April 27, 1990 if the markets required return was 11.2% compounded semi-annually?

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This problem belongs to Basic Accounting problems and it discuss about calculation of semi-annually compounded Government bond.

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