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6. . If $100 is placed in an account that earns 4.2%, compounded daily, what will it be worth in 8 years? (8 pts) 7.

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6. . If $100 is placed in an account that earns 4.2%, compounded daily, what will it be worth in 8 years? (8 pts) 7. Bonds of Matrix Corporation with a par value of $1,000 sell for $860, mature in 7 years and have a 5% coupon rate paid semiannually. Calculate the yield to maturity? ( 8 pts)

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