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1. Calculate the value of a bond that will mature in 14 years and has a $1000 face value. The annual coupon interest rate is 7%, and the investor’s required rate of return is 10%

2. A survey of 37 randomly selected "iPhone" owners showed that the purchase price has a mean of $423 with a sample standard deviation of $180. Compute the standard error of the sample mean.

Financial Management, Finance

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