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Greg issued a bond where he promised to pay $60 every 6-months for 10 years and at the end of 10 years, he will also

Greg issued a bond where he promised to pay $60 every 6-months for 10 years and at the end of 10 years, he will also pay $1,000 to whomever owns the bond. When Greg issued the bond, the stated rate was 12% and the market rate was 11%. What compounding period and interest rate should Greg use to determine the issue price of the bond? 20n,5.5%10n,11%10n,12%20n,6% Question 15 0.4 pts Greg issued a bond where he promised to pay $60 every 6-months for 10 years and at the end of 10 years, he will also pay $1,000 to whomever owns the bond. When Greg issued the bond, the stated rate was 12% and the market rate was 11%. What was Greg's issue price for this bond? (ROUND TO NEAREST CENT)

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