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What should Collin pay for an 18.5% bond paying coupons semi-annually, that has a face value of $32,200, a term of 12 years, and a
What should Collin pay for an 18.5% bond paying coupons semi-annually, that has a face value of $32,200, a term of 12 years, and a yield-to-maturity of 12.2% ? Select one: a. $18,280.22 b. $44,650.31 c. $44,813.04 d. insufficient information to determine e. $40,844.30 f. $27,659.25 g. $37,038.28
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