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You are considering the purchase of a Pure Discount Bond with a Face Value of $10,000, which matures in ninety-four days. If you desire a
You are considering the purchase of a Pure Discount Bond with a Face Value of $10,000, which matures in ninety-four days. If you desire a return of 2.75%, how much would you bid for the bond today? (Round your answer to two decimal place, e.g. 9,274.36)
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