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14. You are an investor and have decided to use your capital to purchase some corporate bonds. You have one bond inparticular that you like.

14. You are an investor and have decided to use your capital to purchase some corporate bonds. You have one bond inparticular that you like. The bond is a $100,000, ten-year, 12% bond that pays interest quarterly (4 times per year). The current market interest rate is 8%. What is the maximum amount that you should pay for the bond image text in transcribed

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