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Posted on May 18, 2024

Assume that a bond sells at ( 9 8 3 / 4 ) ( pays ( 1 4 % )

Assume that a bond sells at

\ (983 / 4 \) (

pays

\ (14 \ % \)

interest

) .

If Jorge Galves buys four bonds

(

assume no commission

),

what is the i total nterest

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