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Determine the price of a $2.0 million bond issue under each ofthe following independent assumptions:Maturity 12 years, interest paid annually, stated rate8%, effective (market) rate

Determine the price of a $2.0 million bond issue under each ofthe following independent assumptions:Maturity 12 years, interest paid annually, stated rate8%, effective (market) rate 10%.Maturity 2 answers

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