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The Metchosin Corporation has two different bonds currently outstanding. Bond M has a face value of $ 8 0 , 0 0 0 and matures
The Metchosin Corporation has two different bonds currently outstanding. Bond has a face value of $ and matures in
years. The bond makes no payments for the first six years, then pays $ every six months over the subsequent eight years, and
finally pays $ every six months over the last six years. Bond also has a face value of $ and a maturity of years; it
makes no coupon payments over the life of the bond. The required return on both these bonds is compounded semiannually,
what is the current price of bond M and bond NDo not round intermediate calculations. Round the final answers to decimal
places.
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