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Suppose a firm needs to make a payment of $15,000 in 5 years. They use a bond portfolio that has a yield of 5.77%. The

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Suppose a firm needs to make a payment of $15,000 in 5 years. They use a bond portfolio that has a yield of 5.77%. The bonds are priced at par. What is the dollar value of bonds that they need to buy to have $15,000 in 5 years? $9,6234.51 $10,988.55 $11,286.80 $13,255.67

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