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A $3,000 face-value bond matures in three years and pays 8% per year payable semiannually (4% every six months). An investor wants a 10% return
A $3,000 face-value bond matures in three years and pays 8% per year payable semiannually (4% every six months). An investor wants a 10% return per year compounded semiannually. a. How much should the investor pay for the bond?
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