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- Mike is thinking about buying a bond. It is a 5-year bond that has two years left to its maturity date. The bond has

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- Mike is thinking about buying a bond. It is a 5-year bond that has two years left to its maturity date. The bond has $5,000 principal paying a coupon rate of 4%. If current interest rate is 5%, how much would you advise Mike to pay at most for this bond

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