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[ 4 pts. ] Janice is planning to buy a 6% $100,000 10-year bond. She is going to receive a quarterly dividend for 10 years.

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[ 4 pts. ] Janice is planning to buy a 6% $100,000 10-year bond. She is going to receive a quarterly dividend for 10 years. Which one of the following value is closest to the maximum amount she should pay today to make a nominal 11% per year compounded semiannually in this investment? (Assume no inter-period interest accrued when payment period is smaller than compounding period.) Select one: a. 94,667 b. 77,136 c. 70,124 d. 38,568

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