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l. Fairehjld Industries issued 4% bonds 15 years ago. Carla's grandfather told her he purchased one of the bonds when they were issued and they
l. Fairehjld Industries issued 4% bonds 15 years ago. Carla's grandfather told her he purchased one of the bonds when they were issued and they have paid him $1000 per quarter ever since. What is the face value of her grandfather's bond? 2. Pharmaceutical company Abbvie, Inc. issued a $100 bond on 5! 152015 that matures on 5f14f2035. The coupon rate is 4 '/z% per year and coupons are paid twice a year. How much could you have afforded to pay for this bond on 5f15i'2022 if you wanted a return of at least 4% per year (nominal)
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