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Daniel Jackson just received a cash gift from his grandfather. He plans to invest in a five - year bond issued by Blossom Corp. that
Daniel Jackson just received a cash gift from his grandfather. He plans to invest in a fiveyear bond issued by Blossom Corp. that pays an annual coupon rate of percent. If the current market rate is percent, what is the maximum amount Daniel should be willing to pay for this bond? Assume face value is $Round answer to decimal places, eg
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