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| rev | Admin | (Created page with "A 9% bond with a 1000 par value and coupons payable semi-annually is redeemable at maturity for 1100. At a purchase price of P, the bond yields a nominal annual interest rate of 8%, compounded semiannually, and the present value of the redemption amount is 190. Determine P. <ul class="mw-excansopts"><li>1050</li><li>1085</li><li>1120</li><li>1165</li><li>1215</li></ul> '''References''' {{cite web |url=https://web2.uwindsor.ca/math/hlynka/392oldtests.html |last=Hlynk...") | Nov 29'23 at 16:56 | +617 |