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Acme Inc. just issued a bond with a $10,000 face value and a coupon rate of 7%. If the bond has a life of 30

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Acme Inc. just issued a bond with a $10,000 face value and a coupon rate of 7%. If the bond has a life of 30 years, pays semi-annual coupons, and the yield to maturity is 9%, what will the bond sell for? C Pbond FV 5x PVIFA2n ka/2+ (1 + ka/2)2n 57.936,20 $4.349.49 $7.945 27 $10,000 $7.904 45

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