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Problem 13-07 Question 1 of 5 Check My Work T eBook Problem 13-07 Five years ago your grandfather purchased for you a 30-year $1,000 bond

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Problem 13-07 Question 1 of 5 Check My Work T eBook Problem 13-07 Five years ago your grandfather purchased for you a 30-year $1,000 bond with a coupon rate of 12 percent. You now wish to sell the bond and read that yields are 9 percent. What price should you receive for the bond? Assume that the bond pays interest annually, Use Appendix B and Appendix D to answer the question. Round your answer to the nearest dollar, 5 2,2294.76 Check My Work Hide Feedback Incorrect O- Key A-2

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