How much the person must sell the bond for 6 years

Reference no: EM13319001

A person purchases a $5000, 5% per year bond, with interest payable semiannually. The bond has a maturity date of 10 years from now. How much the person must sell the bond for 6 years from now in order to make a rate of return of 10% per year, compounded semiannually is closest.

Reference no: EM13319001

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