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QUESTION 12 Assume that a 12-year, $1,000 face value bond pays interest of $50 every 3 months. If you require a nominal annual rate of
QUESTION 12 Assume that a 12-year, $1,000 face value bond pays interest of $50 every 3 months. If you require a nominal annual rate of return of 12%, with quarterly compounding, how much should you be willing to pay for this bond? $1,093.85 $1,211.95 $986.76 $1,505.33
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