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Determine the cash paid to the investor for the following bond issuance: 2,000,000 (2 millions $) face value semi-annual bond 10 years Stated rate= 6%

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Determine the cash paid to the investor for the following bond issuance: 2,000,000 (2 millions $) face value semi-annual bond 10 years Stated rate= 6% per year Market rate=8.5% per year O $120,000 O $161,000 O $60,000 O $80,500

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