A $200,000 bond having a bond rate of 10% payable annually is purchased for $184,000...
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Accounting
A $200,000 bond having a bond rate of 10% payable annually is purchased for $184,000 and kept for 8 years, at which time it is sold. How much should it sell for in order to yield a 7% effective annual return on the investment? $114,000 $117,000 $111,000 $108,000
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