You are purchasing a 6-year discount bond with a face value


You are purchasing a 6-year discount bond with a face value of 441. At the time of purchase it had an interest rate of 3%. Calculate the price of the bond that you are purchasing. Please express your answer in dollars to the penny.

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Business Economics: You are purchasing a 6-year discount bond with a face value
Reference No:- TGS0993950

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