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You are evaluating a bond with a face value of $10,000, a bond rate of 8% (nominal), payable quarterly, and that matures in 20 years.

You are evaluating a bond with a face value of $10,000, a bond rate of 8% (nominal), payable quarterly, and that matures in 20 years. You would like to earn a nominal interest of 10%. How much should you expect to pay for the bond? show formula used & excel sheet pleasee.

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