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Bond Valuation. Mia wants to invest in Treasury bonds that have a par value of $ 2 0 , 0 0 0 and a coupon

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 5-year maturity, and Mia requires a 9% retum. How much should Mia pay for her bonds, assuming interest is paid annually?
The amount Mia should pay for the bonds is $
(Rourid to the nearest cent)
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