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What would you be willing to pay for a 51,000 bond paying $90 interest at the end of each year and maturing in 19 years

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What would you be willing to pay for a 51,000 bond paying $90 interest at the end of each year and maturing in 19 years if you wanted the bond to yeld the following rates of return? Use Table it and Table IV or a financial calculator to answer the questions. Round your answers to the nearest cent. (Note: At maturity, the bond will be retired and the holder will receive $1,000 in cash. Bonds are typically issued with $1,000 face, or par, values. The actual market value at any point in time will tend to rise as interest rates fall and fall as interest rates rise.) a. 7 percent 5 b. 10 percent 5 c. 14 percent $

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