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Bo . . d values A $ 1 , 0 0 0 par value bond pays interest of $ 3 5 each quarter and will

. .

d values

A $

1, 000

par value bond pays interest of $

35

each quarter and will mature in

5

years. If your nominal annual required rate of retum is

12

percent with quarterly compounding, how much should you be willing to pay for this bond?

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