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Please Provide an explaination Assume that a 15-year, $1,000 face value bond pays interest of $37.50 EVERY 3 MONTHS. If you require a nominal annual

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Please Provide an explaination

Assume that a 15-year, $1,000 face value bond pays interest of $37.50 EVERY 3 MONTHS. If you require a nominal annual rate of return of 12 percent with QUARTERLY COMPOUNDING, calculate the present value of the bond

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