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Suppose a firm needs to make a payment of $25,000 in 7 years. They use a bond portfolio that has a yield of 6.12%. The
Suppose a firm needs to make a payment of $25,000 in 7 years. They use a bond portfolio that has a yield of 6.12%. The bonds are priced at par. What is the dollar value of bonds that they need to buy to have $25,000 in 7 years
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