Mia wants to invest in government of canada bonds that have, Ask an Expert

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Mia wants to invest in Government of Canada bonds that have a par value of $20 000 and a coupon rate of 4.5% . the bonds have a 10-year maturity and Mia requires a 6% return, compounded semi-annually. how much should Mia pay for the bonds, assuming that interest is paid semi-annually ?

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