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ANSWERS: a. 56,700 b. 50,000 c. 44,350 1. What would you pay for a $50,000 debenture bond that matures in 10 years and pays $5,000

ANSWERS:

a. 56,700

b. 50,000

c. 44,350

1. What would you pay for a $50,000 debenture bond that matures in 10 years and pays $5,000 a year in interest (compounded annually), if you wanted to earn a yield of: a. 8% b. 10% c. 12%

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