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Assume You Bought a $1000 Par Value Bond in 2004 $$47000
E) the Amount Cannot Be Calculated Given the Information

question 285

Multiple Choice

Assume you bought a $1000 par value bond in 2004 for 85 1/4 with an interest rate of 4.7 percent. If you held the bond until maturity in 2014, what would be the total amount that you would earn on this bond?

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