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Bond B had a face value of 45,000 and matured in 18 years. The bond makes no payment for the first 6 years then pays
Bond B had a face value of 45,000 and matured in 18 years. The bond makes no payment for the first 6 years then pays 1,700 every six months over the subsequent 6 years and finally pays 3,600 every six months over the last 6 years. If the required bond is 10 percent compounded semiannually, what is the current price of bond b
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