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Bond Valuation. Mia wants to invest in Treasury bonds that have a par value of $20.000 and a coupon rate of 3.2% The bonds

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Bond Valuation. Mia wants to invest in Treasury bonds that have a par value of $20.000 and a coupon rate of 3.2% The bonds have a 9-year maturity, and Mia requires a 5% return How much should Mia pay for her bonds, assuming interest is paid annually? The amount Mia should pay for the bonds is $ (Round to the nearest cent)

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