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Bond prices depend on the market rate of interest, stated rate of interest, and time. Read the requirements. Requirement 1. Compute the price of the

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Bond prices depend on the market rate of interest, stated rate of interest, and time. Read the requirements. Requirement 1. Compute the price of the following 5% bonds of City Telecom. a. The price of the $400,000 bond issued at 76.25 is i Requirements X 1. Compute the price of the following 5% bonds of City Telecom. a. $400,000 issued at 76.25 b. $400,000 issued at 104.75 c. $400,000 issued at 95.75 d. $400,000 issued at 102.75 2. Which bond will City Telecom have to pay the most to retire at maturity? Explain your answer. Print Done

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