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You buy a 20000 dollar bond par value for 18000. You purchase it immediately after previous owner received a quarterly interest payment. The bond rate

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You buy a 20000 dollar bond par value for 18000. You purchase it immediately after previous owner received a quarterly interest payment. The bond rate is 6 percent per year payable quarterly. You will hold the bond for 7 years and sell the bond immediately after you receive the interest payment. If your desired yield is 12 percent per year compounded quarterly what will be your minimum selling price for the bond

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