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A bond with a face value of $ 1 0 , 0 0 0 and a 6 . 5 % interest rate ( compounded semiannually
A bond with a face value of $ and a interest rate compounded
semiannually will mature in years. What is a fair price to pay for the
bond today?
A fair price to buy the bond at would be $
Do not round until the final answer. Then round to the nearest cent
as needed.
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