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    Return on Investments, Price in dollar for a bond quote

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    On Feb 15, 2007 you invest 1mm and on August 15th 2008 you receive 1.1 mm.

    1. What is your return assuming the investment compounds annually? Semiannually?

    2. A bond is priced at 101 7/8. What is the price in dollars?

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    Solution Preview

    1. On Feb 15, 2007 you invest 1mm and on august 15th 2008 you receive 1.1 mm.

    What is your return assuming the investment compounds annually? semiannually?

    in ...

    Solution Summary

    This solution calculates return on investments and the price in dollar for a bond quote.

    $2.19

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