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I) (Bond valuation ) Bellingham bonds have an annual coupon rate of 12% and a par value of $ 1000 and will mature in 5

I) (Bond valuation) Bellingham bonds have an annual coupon rate of 12% and a par value of $ 1000 and will mature in 5 years. If you require a return of 16%, i) what price would you be willing to pay for thebond? ii) What happens if you pay more for thebond? iii) What happens if you pay less for thebond?

Can show how to put in the Ti-83 calculator?

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