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What would you pay for a $215,000 debenture bond that matures in 15 years and pays $10,750 a year in interest if you wanted to
What would you pay for a $215,000 debenture bond that matures in 15 years and pays $10,750 a year in interest if you wanted to earn a yield of: (a) Your answer is correct. 4% ? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.) Amount to Pay $ eTextbook and Media Attempts: 1 of 3 used (b) Your answer is incorrect. 5% ? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g. 458,581.)
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