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Question 14 1 pts Michael Phelps Inc., is planning to expand its specialty stores into five other states and finance the expansion by issuing 30-year

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Question 14 1 pts Michael Phelps Inc., is planning to expand its specialty stores into five other states and finance the expansion by issuing 30-year zero coupon bonds with a face value of $1,000. If your opportunity cost is 2 percent and similar coupon-bearing bonds will pay semiannually, what will be the price at which you will be willing to purchase these bonds? (Round your answer to the nearest dollar) $305 $409 $550 $388 Question 15 1 pts Three years ago, Tontowi Ahmad bought a 10-year 8 percent semi-annual coupon bond for $950. Today, she sold it for $1,105. What is the realized yield on her investment? (Round to the nearest percent) 14% 13% 12% 11%

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