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You intend to purchase a 13-year, $1,000 face value bond that pays interest of $65 every 6 months. If your nominal annual required rate of

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You intend to purchase a 13-year, $1,000 face value bond that pays interest of $65 every 6 months. If your nominal annual required rate of return is 12.6 percent with semiannual compounding, how much should you be willing to pay for this bond? $965.26 $945.26 $1,005.26 $985.26 $1,025.26

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