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On January 1, 2022, Wunder Limited. purchased 12 bonds dated January 1, 2022, with a face amount of ( $ 25 ) million. The bonds
On January 1, 2022, Wunder Limited. purchased \12 bonds dated January 1, 2022, with a face amount of \\( \\$ 25 \\) million. The bonds mature in 2032 (10 years). For bonds of similar risk and maturity, the market yield is 10\\%. Interest is paid semiannually on June 30 and December 31. Required: Determine the price of the bonds on January 1, 2022. and PVAD of \\( \\$ \\underline{1} \\boxminus) \\)
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