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D. Try to choose the correct answer, note that four wrong answers will cancel one correct answer i.e. each wrong answer will be penalized by

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D. Try to choose the correct answer, note that four wrong answers will cancel one correct answer i.e. each wrong answer will be penalized by -1 pt.): [ 4 pts. ] Janice is planning to buy a 7% $190,000 20-year bond. She is going to receive a quarterly dividend for 20 years. Which one of the following value is closest to the maximum amount she should pay today to make a nominal 18% per year compounded semiannually in this investment? (Assume no inter-period interest accrued when payment period is smaller than compounding period.) Select one: a. 77,586 b. 69,827 C. 89,224 d. 81,465

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