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USE EXCEL Question 26 (1 point) You purchased a perpetual bond. The bond has a face value of $100,000. The coupon rate is 8.4%. Coupons

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USE EXCEL
Question 26 (1 point) You purchased a perpetual bond. The bond has a face value of $100,000. The coupon rate is 8.4%. Coupons are paid annually. The yield to maturity on the bond 4.5%. How much did you pay for the bond today. Your answer should be accurate to two decimal places

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