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A bond has an 18 year term, a coupon rate of 16% and a face value of $1500 a) How often are interest payments made?

A bond has an 18 year term, a coupon rate of 16% and a face value of $1500

a) How often are interest payments made? b) What is the interest paid each period? (Answer should be rounded to the nearest whole dollar, no decimals. Do not include the $ sign) c) If you were offered $2150 for the bond after 12years, with your personal MARR= 21%, do you accept or reject this offer?

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