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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 76.50 is en 1. Compute the price of the following 5% bonds of City Telecom. a. $400,000 issued at 76.50 b. $400,000 issued at 104.25 c. $400,000 issued at 97.25 d. $400,000 issued at 103.50 2. Which bond will City Telecom have to pay the most to retire at maturity? Explain your answer. Print Done

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