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Paul's uncle offered to sell him a bond for $1300. The bond has 15 -years left to maturity and pays a coupon of 11 percent

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Paul's uncle offered to sell him a bond for $1300. The bond has 15 -years left to maturity and pays a coupon of 11 percent paid semiannually. Paul could earn a yield of 8 percent for similar bonds. Should he buy the bond from his uncle? (Round to the nearest dollar.) No, because he would be paying $24.88 more than the market price of the bond. No, because he would be paying $40.62 more than the market price of the bond. yes, because he would be paying the same as the market price of the bond. Yes, because he would be paying $40.62 less than the market price of the bond. Yes, because he would be paying $24.88 less than the market price of the bond

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