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bond m n=20 fv=20000 compounded annually o payment for first six years 1100 every year for eight years 1400 every year for six years kd=9%

bond m

n=20

fv=20000

compounded annually

o payment for first six years

1100 every year for eight years

1400 every year for six years

kd=9%

what is the current price of bond?

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