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The Procter & Gamble Company offers a bond which pays a coupon of 12 percent with semiannual payments. The bonds have a vield to maturity

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The Procter \& Gamble Company offers a bond which pays a coupon of 12 percent with semiannual payments. The bonds have a vield to maturity of 8.78 percent and they mature in 17 years. If the bonds have a face value of $5,000 how much will the bonds sell for in the market? $5,950.37 53,507,40 $6,408,18 $6.395.18

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