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company issued a 15-year, $1,000 par value bond. The coupon rate on this bond is 9% annually, with interest being paid every 6 months. The
company issued a 15-year, $1,000 par value bond. The coupon rate on this bond is 9% annually, with interest being paid every 6 months. The investor who purchased the bond expects to earn a 12% nominal rate of return. The cash proceeds received by the company from the investor totaled a. $642.76 b. $793.43 c. $875.38 d. $950.75
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