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Timothy has an opportunity to buy a $3,000 par value municipal bond with a coupon rate of 8% and a maturity of five years. The
Timothy has an opportunity to buy a $3,000 par value municipal bond with a coupon rate of 8% and a maturity of five years. The bond pays interest annually. Of Timothy requires a return of 9%, what should he pay for the bond?let me have the solution by the financial calculator , and post the details also plz
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