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What would you pay for a $500,000 debenture bond that matures in 20 years and pays $50,000 at the end of each year in interest
What would you pay for a $500,000 debenture bond that matures in 20 years and pays $50,000 at the end of each year in interest if you wanted to earn a yield of: 4%? 15%? 12%? 18%? 8%
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