On january 1 2011 bradley recreational products issued

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On January 1, 2011, Bradley Recreational Products issued $100,000, 9%, four-year bonds. Interest is paid semiannually on June 30 and December 31. The bonds were issued at $96,768 to yield an annual return of 10%.

Required: Assuming the market is still 10% what price would a second investor pay the first investor on JUne 30 2013 for 10000 of the bonds?

Reference no: EM13603151

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