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Question 3 Not yet answered Marked out of 25.00 P Flag question Sam is considering investing in a bond with a face value of $20,000.

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Question 3 Not yet answered Marked out of 25.00 P Flag question Sam is considering investing in a bond with a face value of $20,000. The bond pays an interest (coupon) of 4% payable quarterly. If he expects to make a 1 1 /2 % return per quarter on this investment with a maturity of 20 years, determine the most he can pay for it: k Select one: A.$18,102.65 B. $14,923.86 c. $15,359.27 $16,000 O O

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