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A bond is available for purchase that has a face value of $10,000, an 8% coupon, payable semiannually, and 20 years of its original 25 years left to maturity. Approximately how much would you pay for the bond if the market return on similar bonds is 10%?

a. $8,184.60 b. $8,296.88 c. $8,283.64 d. $8,174.36 Show calculation.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91773007

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