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Assume that a 14-year ,$1000face value bond pays interest of $37.50 every 3 months. If you require a simple annual rate of 12%, with quarterly

Assume that a 14-year ,$1000face value bond pays interest of $37.50 every 3 months. If you require a simple annual rate of 12%, with quarterly compounding , how much should you be willing to pay for the bond

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