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19 A corporation issues a debt instrument such as a bond that promises to pay you annually $50 for three years and $1.000 after three

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A corporation issues a debt instrument such as a bond that promises to pay you annually $50 for three years and $1.000 after three years. What is the maximum amount you would pay for this debt instrument if you wanted to earn 9 percent Use Appendix 3 and Appendo D to answer the question. Round your answer to the nearest dollar 3

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