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Exercise 6-7 What would you pay for a $100,000debenture bond that matures in15years and pays $5,000a year in interest if you wanted to earn a

Exercise 6-7

What would you pay for a $100,000debenture bond that matures in15years and pays $5,000a year in interest if you wanted to earn a yield of:

I am little confuse on this one. Is there a calculation equation on the interest

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