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An investor purchases a bond with a PAR value pf 10,000. The Bond returns quarterly dividends of 300. The purchase price of the bond was

An investor purchases a bond with a PAR value pf 10,000. The Bond returns quarterly dividends of 300. The purchase price of the bond was 9400. If the investor will hold the bond for 4 years and wishes to obtain a return on investment of 12% per year what is the minimum selling price that can be allowed to achieve this result. Group of answer choices

9037

9588

8496

7808

10491

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