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Given the opportunity to invest in one of the three bonds listed below, which would you purchase? Assume an interest rate of 6%. Bond Face

Given the opportunity to invest in one of the three bonds listed below, which would you purchase? Assume an interest rate of 6%.

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Bond Face Value Annual Coupon Rate Maturity Price 4% $1,000 1 year $990 $1,000 7.50% 17 years $990 $1,000 8.5% 25 years $990

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