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7) (10 pts.) The market rate for bonds in now 3%. An investor wants to buy a bond that matures in 15 years and has

7) (10 pts.) The market rate for bonds in now 3\%. An investor wants to buy a bond that matures in 15 years and has a face value of $5,000 and a coupon rate of 6% payable semiannually. How much should the investor pay for the bond

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