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Compute bond price: Bond face value: $1,000 Years to maturity: 3 Stated interest rate: 10% Market interest rate: 14% Number of times interest is paid
Compute bond price: Bond face value: $1,000 Years to maturity: 3 Stated interest rate: 10% Market interest rate: 14% Number of times interest is paid each year: 2 Page 11 Semiannual interest payment $50
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