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Consider a serial bond issue with the following characteristics: Total bond issue: $20,000 Number of bonds issued: 100 Term of bonds: 4 years Coupon rate:

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Consider a serial bond issue with the following characteristics: Total bond issue: $20,000 Number of bonds issued: 100 Term of bonds: 4 years Coupon rate: 3%/year Prepare a complete bond redemption table, Round all values amounts in the table to the nearest dollar. Sum appropriate columns to check your figures

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