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An investor buys a $1,000, 20 year, 8 percent interest paid annually) bond at par. After five (5) years have passed interest rates are 10

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An investor buys a $1,000, 20 year, 8 percent interest paid annually) bond at par. After five (5) years have passed interest rates are 10 percent (1) How much did they buy the bond for? (2) How much did the investor lose on the purchase of the bond? SHOW ALL YOUR CALCULATIONS TO GET FULL CREDIT

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