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You bought a $1000 bond at par value, and it paid nominal interest at the rate of 10% payable semiannually for 10 years. You sold

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You bought a $1000 bond at par value, and it paid nominal interest at the rate of 10% payable semiannually for 10 years. You sold it at a price that resulted in a nominal annual yield of 8%. What was the selling price? a) $680.30 b) S702.2:1 c) $766.15 d) $831.72 f) Not enough information to calculate

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