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Bond A is a 7 year $10,000 bond with 9% paid semi-annually. The investors expected rate of return is 8.5%. Bond B is a 7

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Bond A is a 7 year $10,000 bond with 9% paid semi-annually. The investors expected rate of return is 8.5%. Bond B is a 7 year $10,000 bond with 8.75% paid quarterly. The investors expected rate of return is 8.5%. What is the difference in the present value between the two bonds? Compute with 6 decimal places and round your answer to 2 decimal places

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