4. ten bonds are purchased for $9,855.57. they are kept for 5 years and coupon payments are received at the end of each of the 5 years. immediately following the owner’s receipt of the 5th coupon payment, the owner sells each bond for $50 less than its par value. the bond coupon rate is 8%, and the owner’s money yields a 10% annual return. determine the face value of each bond.
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4. ten bonds are purchased for $9,855.57. they are kept for 5 years and coupon payments are received...
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