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The following table lists several corporate bonds being traded in the later part of 2021. Treat these as zero coupon bonds, as in Example 2.
The following table lists several corporate bonds being traded in the later part of 2021. Treat these as zero coupon bonds, as in Example 2. Company Alphabet AT&T Ford Goldman Sachs Verizon Wells Fargo Time to Maturity (years) 19 10 7 4 6 5 Annual Yield (%) 2.544 3.045 3.258 1.836 1.551 2.486 If you bought AT&T bonds with a maturity value of $16,000, how much did you originally pay? (Round your answer to the nearest cent.) $
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