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A three-year annual pay bond (nominal value CU 40,000) is issued for cash proceeds of CU 38,987. It has an effective interest rate of 9%

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A three-year annual pay bond (nominal value CU 40,000) is issued for cash proceeds of CU 38,987. It has an effective interest rate of 9% and pays an 8% coupon. Including the final redemption of the bond what are the total cash outflows of the issuer over the life of the bond? CU 38,987 CU 40,000 CU 48,578 CU 49,600

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