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What would you be willing to pay for a $1,000 bond paying $70 interest at the end of each year and maturing in 25 years

What would you be willing to pay for a $1,000 bond paying $70 interest at the end of each year and maturing in 25 years if you wanted the bond to yield the following rates of return? a. 5 percent b. 7 percent c. 12 percent

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