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4) The face value of a bound is $5000 with 14% of coupon interest paid semiannually. The bond matures 12 years. If an investor desires

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4) The face value of a bound is $5000 with 14% of coupon interest paid semiannually. The bond matures 12 years. If an investor desires to invest in this bond, provided it has 9% compounded yearly then determine how much he can afford to pay for the bound. (15 Points)

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