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5. A bond has a face value of $ 2,750, the bond matures within (7) seven years and pays 6% interest compounded monthly. If an

5. A bond has a face value of $ 2,750, the bond matures within (7) seven years and pays 6% interest compounded monthly. If an investor wishes to obtain a 10% annual compound monthly return. How much should you pay today for the bonus?

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