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Posted on Sep 28, 2024

b . Would you pay $ 8 2 9 for each bond if you thought that a fair market interest rate for such bonds wias

.

Would you pay $

829

for each bond if you thought that a "fair" market interest rate for

such bonds wias

12 %

that is

,

x_{d} = 12 % ?

Explain your answer.

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