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Cgance Co.s bonds, maturing in 6 years, pay 8 percent interest on a $1,000 face value. Interest is paid semiannually. If your required rate of

Cgance Co.s bonds, maturing in 6 years, pay 8 percent interest on a $1,000 face value. Interest is paid semiannually. If your required rate of return is 6 percent, what is the value of the bond? (10 points). If the bonds sells at $1.050 what is the bond's expected rate of return?

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