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A BOND WITH A FACE VALUE OF $1000 PAYS COUPON PAYMENT OF 8% QUARTERLY FOR 25 YEARS WHAT ARE YOU WILLING TO PAY FOR THIS

A BOND WITH A FACE VALUE OF $1000 PAYS COUPON PAYMENT OF 8% QUARTERLY FOR 25 YEARS

WHAT ARE YOU WILLING TO PAY FOR THIS BOND IF THE MARKET INTEREST IS 12%

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