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The Morgan Corporation has two different bonds currently outstanding. Bond M has a face value of 8 0 0 every six months over the subsequent

The Morgan Corporation has two different bonds currently outstanding. Bond M has a face value of 800 every six months over the subsequent eight years, and finally pays 30,000 and a maturity of 20 years; it makes no coupon payments over the life of the bond. The required return on both these bonds is 8 percent compounded semiannually. Solve using Excel

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