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Assume that a 15-year, $1,000 face value bond pays interest of $37.50 every 6 months. If you require a simple annual rate of return of
Assume that a 15-year, $1,000 face value bond pays interest of $37.50 every 6 months. If you require a simple annual rate of return of 11 percent, with semi annual compounding, how much should you be willing to pay for this bond?" o $200.64 $745.66 o $1491.22 O $1192.31
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