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Posted on Aug 08, 2024

a ) If you want to purchase a bond that has a $ 1 , 0 0 0 Face value and matures in 1 5

)

If you want to purchase a bond that has a $

1, 000

Face value and matures in

15

years, and you would like to earn

10 %

per year on the investment, using the basic bond pricing formula how much should you pay to acquire the bond today provided the discount rate is

6 % ?

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