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(Bond valuation) Xerox issued bonds that pay $ 47.50 in interest each year and will mature in 9 years. You are thinking about purchasing the
(Bond valuation) Xerox issued bonds that pay $ 47.50 in interest each year and will mature in 9 years. You are thinking about purchasing the bonds. You have decided that you would need to receive a return of 7 percent on your investment. What is the value of the bond to you, first assuming that the interest is paid annually and then semiannually?
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