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Question 7 20 pts A $10,000 bond with 18%/year, compounded semiannually (interest is paid every six month) is available in the market. The bond matures
Question 7 20 pts A $10,000 bond with 18%/year, compounded semiannually (interest is paid every six month) is available in the market. The bond matures in 10 years. The closest PW of this bond if the purchaser can earn 12%/year, compounded quarterly is: O Less than $12,500 Between $13,000 - $13,500 Between $13,500-$14,000 Greater than $14,000
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