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Which date will become due if bonds have a face value

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An insurance group is in the process of evaluating a zero coupon bond purchase from a healthcare organization that needs capital financing. On January 1, 2001, the bonds were purchased at a discounted rate of $6,757.04 with a 5.5% original-issue yield and semiannual compounding.

Question 1: On which date will they become due if these bonds have a face value of $20,000, and assuming the interest rates remain stable?

Reference no: EM132569476

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