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    tanias's Avatar
    tanias Posts: 1, Reputation: 1
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    #1

    Jul 21, 2011, 05:10 PM
    Financial management
    b. If the company can earn 8 percent per annum on freed-up funds, how much will the income be?
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #2

    Jul 21, 2011, 06:01 PM

    This is half a question. It also appears to half a homework question.
    phillysteakandcheese's Avatar
    phillysteakandcheese Posts: 973, Reputation: 356
    Senior Member
    		  
    #3

    Jul 27, 2011, 07:44 AM
    8% of nuttin' is... um... nuttin'
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The homework question is for Financial management. Ghayth Hilal purchases a $5,000, 7%, 10-year coupon bond that pay interest annually at a price to give a 6% yield to maturity. Calculate the purchase price of the bond.

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