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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 every six months over the subsequent eight years, and finally pays and a maturity of years; it makes no coupon payments over the life of the bond. The required return on both these bonds is percent compounded semiannually. Solve using Excel
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