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Determine the price of a $1.4 million bond issue under each ofthe following independent assumptions: 1. Maturity 13 years,interest paid annually, stated rate 8%, effective

Determine the price of a $1.4 million bond issue under each ofthe following independent assumptions: 1. Maturity 13 years,interest paid annually, stated rate 8%, effective (market) rate12%. 2. Matu Determine the price of a \\( \\$ 1.4 \\) million bond issue under each of the following independent assumptions: 1. Maturity 13 years, interest paid annually, stated rate \\( 8 \\% \\), effective (mar 2 answers

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