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A bond with a face value of $5000 and a 3.7% interest rate(compounded semiannually semiannually) will mature in 10 years. What is a fair price

A bond with a face value of $5000

and a

3.7% interest rate(compounded semiannually

semiannually) will mature in

10 years. What is a fair price to pay for the bondtoday?

A fair price to buy the bond at would be $

Please round to the nearest cent.

A bond with a face value of $5000 and

3.5% interest rate(compounded semiannually

semiannually) will mature in

10 years. What is a fair price to pay for the bondtoday?

A fair price to buy the bond at would be $

(Round to the nearest cent asneeded.)

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