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| rev | Admin | (Created page with "'''Solution: C''' Let <math>n</math> be the term of the bond in half-years. We know that <math>601=1080 v^n</math> and thus <math>v^n=601 / 1080</math> . Then <math display = "block">a_{\overline{n} |0.05}=\frac{1-v^n}{0.05}=\frac{1-601 / 1080}{0.05}=8.87037</math>. The purchase price of the bond is <math display ="block">40 a_{\overline{n}| 0.05}+1080 v^n=40(8.87037)+610=956.</math> {{soacopyright | 2023 }}") | Nov 19'23 at 19:18 | +413 |