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Please use formulas instead of Excel to solve this - 1. The semi-annual, 25-year bonds of ABC, Inc. are selling at par (Face = $1,000)

image text in transcribed Please use formulas instead of Excel to solve this

- 1. The semi-annual, 25-year bonds of ABC, Inc. are selling at par (Face = $1,000) and have an effective annual yield of 12.51%. The amount of interest paid in a year is $_

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