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E6-7 (Computation of Bond Prices) What would you pay for a $50,000 debenture bond that matures in 15 years and pays $5,000 a year in

E6-7 (Computation of Bond Prices) What would you pay for a $50,000 debenture bond that matures in 15 years and pays $5,000 a year in interest if you wanted to earn a yield of: (a) 8%? (b) 10%? (c) 12%?

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