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Assume that a bond sells at 98 1/2 (pays 15% interest). If Bill Smith buys four bonds (assume no commission), what is the total dollar

Assume that a bond sells at 98 1/2 (pays 15% interest). If Bill Smith buys four bonds (assume no commission), what is the total dollar cost? Answer is complete but not entirely correct. Total dollar cost 394 image text in transcribed

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