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13. Given the opportunity to invest in one of the three bonds listed below, which would you purchase? Assume an interest rate of 7%. Bond

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13. Given the opportunity to invest in one of the three bonds listed below, which would you purchase? Assume an interest rate of 7%. Bond Face Value $1,000 $1,000 $1,000 Annual Coupon Rate 4% 7.5% 8.5% Maturity Price 1 year S990 17 years $990 25 years s990

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