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The following table lists several corporate bonds. Treat these as zero coupon bonds, as in Example 2. Company AT&T Bank of General Goldman America
The following table lists several corporate bonds. Treat these as zero coupon bonds, as in Example 2. Company AT&T Bank of General Goldman America Electric Sachs Verizon Wells Fargo Time to Maturity 10 10 2 3 8 7 (years) Annual Compound 2.97 4.42 5.12 5.81 5.41 4.18 Interest Rate (%) If you bought AT&T bonds with a maturity value of $12,000, how much did you originally pay? (Round your answer to the nearest $1.) $ 8,926
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