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QUESTION 15 You intend to purchase a 10-year, $1,000 face value bond that pays interest of $40 every 6 months. If your simple annual required

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QUESTION 15 You intend to purchase a 10-year, $1,000 face value bond that pays interest of $40 every 6 months. If your simple annual required rate of return is 14 percent with semiannual compounding, how much should you be willing to pay for this bond? $682 18 $1086 15 O$957.50 O $143149 3 points

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