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Exercise 6-7 (Part Level Submission) What would you pay for a $150,000 debenture bond that matures in 15 years and pays $7,500 a year in

Exercise 6-7 (Part Level Submission)

What would you pay for a $150,000 debenture bond that matures in 15 years and pays $7,500 a year in interest if you wanted to earn a yield of:

2%?

Amount to pay?

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