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3 . Devine Divots issued a bond a few years ago that has a face value equal to $ 1 , 0 0 0 and
Devine Divots issued a bond a few years ago that has a face value equal to $ and pays investors $ interest every six months. The bond has eight years remaining until maturity. If you require a percent rate of return to invest in this bond, what is the maximum price you should be willing to pay to purchase the bond?
a $
b $
c $
d $
e $
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