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You purchase a 20,000 dollar bond with a bond rate of 6 percent per year payable quarterly. It matures in three years. You hold the

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You purchase a 20,000 dollar bond with a bond rate of 6 percent per year payable quarterly. It matures in three years. You hold the bond for 3 years. The purchase price was 19000. Which statement is correct? Quarterly cash flows will be -18700 300 300 300: 300 300 300 300: 300 300 300 19300 and the bond return on investment will be more that 10 percent. Quarterly cash flows will be -18700 300 300 300: 300 300 300 300: 300 300 300 19300 and the bond return on investment will be less than 10 percent. Quarterly cash flows will be - 18700 300 300 300: 300 300 300 300: 300 300 300 20300 and the bond return on investment will be more than 10 percent. Quarterly cash flows will be -18700 300 300 300: 300 300 300 300: 300 300 300 20300 and the bond return on investment will be less than 10 percent

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