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You are interested in investing in a five-year bond that pays a 6.0 percent coupon rate with interest to be received serniannually. Your required rate

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You are interested in investing in a five-year bond that pays a 6.0 percent coupon rate with interest to be received serniannually. Your required rate of return is 8.0 percent. What is the most you would be willing to pay for this bond? (Round answer to 2 decimal places, eg. 15.25.) Present value $

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