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Second Community Bank is considering investing in Mindover Corp. $1,000 par value b bank requires a 15.5% rate of return on Mindover's bonds, how much

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Second Community Bank is considering investing in Mindover Corp. $1,000 par value b bank requires a 15.5% rate of return on Mindover's bonds, how much is the bank willing inds. The bonds mature in 27 years and pay a coupon of 86% on a semiannuat basis. If the pay per bond? Round to two decimal places (Ex. $000.00)

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