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Show steps and round correctly A $3200 9% twelve-year bond with annual coupons is purchased with a discount of $74 and yields 9.2% if held
Show steps and round correctly
A $3200 9% twelve-year bond with annual coupons is purchased with a discount of $74 and yields 9.2% if held to maturity. Find the price. Round your answer to the nearest cent. Answer in units of dollars. Your answer must be within + 0.0%Step by Step Solution
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