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An investor has two bonds in his portfolio that have a face value of $1,000 and pay an 11% annual couponBond L matures in 18
An investor has two bonds in his portfolio that have a face value of $1,000 and pay an 11% annual couponBond L matures in 18 years, while S matures in year. a . What will the value of the Bond L be if the going interest rate is 7%, 8%, and 12% Assume that only one more interest payment is to be made on Bond S at its maturity and that 18 more payments are to be made on Bond L. Round your answers to the nearest cent
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