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5. Assuming that the Mills company bond pays interest semiannually and that the required stated annual return Kd, is 12% for the similar risk bonds

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5. Assuming that the Mills company bond pays interest semiannually and that the required stated annual return Kd, is 12% for the similar risk bonds that also pay semiannual interest, What is the value of the bond. 5. Assuming that the Mills company bond pays interest semiannually and that the required stated annual return Kd, is 12% for the similar risk bonds that also pay semiannual interest, What is the value of the bond

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