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Part 4 (3 points) Alexis Bruce is issuing $100,000, 4-year bonds with interest payable every 6 months. The Contract rate of interest is 8% while

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Part 4 (3 points) Alexis Bruce is issuing $100,000, 4-year bonds with interest payable every 6 months. The Contract rate of interest is 8% while the market (effective) rate of interest is 10%. Theresa Kearney wants to purchase the bonds, and so calculates a fair price based on Present Value factors to be

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