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Determine the price of a $1.8 million bond issue under each ofthe following independent assumptions: Maturity 15 years, interestpaid annually, stated rate 10%, effective (market)

Determine the price of a $1.8 million bond issue under each ofthe following independent assumptions: Maturity 15 years, interestpaid annually, stated rate 10%, effective (market) rate 12%.Maturity 2 answers

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