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a. (7 points) A $1000 bond having a bond rate of 6% per year, payable semi-annually, is purchased for $1000. If the bond is sold

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a. (7 points) A $1000 bond having a bond rate of 6% per year, payable semi-annually, is purchased for $1000. If the bond is sold in 8 years, what must you sell the bond for if you want to carn at least an 8% nominal annual return? b. (3 points) What would you enter into Excel to solve part a

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