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3. (10 points). Nagel Equipment s bonds have a 15-year maturity, a 7.25% semiannual coupon, and a par value of $1,000. The going interest rate

3. (10 points). Nagel Equipment s bonds have a 15-year maturity, a 7.25% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 5.00%, based on semiannual compounding. What is the bonds price? ***PLEASE DO NOT COPY OTHER CHEGG WORK*
3. (10 points). Nagel Equipment s bonds have a 15-year maturity, a 7.25% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 5.00%, based on semiannual compounding. What is the bond's price

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