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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 6.3%. The bonds have
Bond Valuation. Mia wants to invest in Treasury bonds that have a par value of $20,000 and a coupon rate of 6.3%. The bonds have a 14-year maturity, and Mia requires a 7% return How much should Mia pay for her bonds, assuming interest is paid annually? The amount Ma should pay for the bonds is $ (Round to the nearest cent)
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