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george Inc., has outstanding bonds that will mature in six years and pay an 8 percent coupon semiannually. If you paid $1,084.29 today and your

george Inc., has outstanding bonds that will mature in six years and pay an 8 percent coupon semiannually. If you paid $1,084.29 today and your required rate of return was 5.6 percent.

How much should you have paid for the bond?

Worth of the bond$

Did you pay the right price for the bond?

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