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Silvia is thinking about investing money into a bond to diversify her investments. Company X issued 12 bonds at a face value of $27500 and

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Silvia is thinking about investing money into a bond to diversify her investments. Company X issued 12 bonds at a face value of $27500 and a 14.0% nominal interest rate paid semiannually to raise capital for an upcoming factory expansion. The face value of the bond is $27500. The bond is a 20 year bond. As the bond was issued, the current nominal interest rate in the market is 7.5% compounded monthly. What is the maximum price Silvia should be pay for a single bond from company X? Your

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