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Andrews wants to retire the following bond early: Series 10.4S2030 Face $6,000,000 Yield-12.3% Close $84.58 Assuming no brokerage fees, calculate the amount of cash needed

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Andrews wants to retire the following bond early: Series 10.4S2030 Face $6,000,000 Yield-12.3% Close $84.58 Assuming no brokerage fees, calculate the amount of cash needed to retire the bond. $5,074,805 $925,195 $6,000,000

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