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A 10-year, 9% bond, issued by Cheap Motors Manufacturing on January 1, 2000, matures on December 31, 2009. If investors require a 12% return, how much should they be willing to pay on January 1, 2004? (Face value of the bond is $10,000, and interest is paid annually.) (Answer: $8766)

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92635772

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