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Find what would pay for a debenture bond

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Reference no: EM132700289

Problem 1: What would you pay for a $30,000 debenture bond that matures in 10 years and pays $3,900 a year in interest if you wanted to earn a yield of 13%: (For calculation purposes, use 5 decimal places as displayed in the factor table provided.)

Reference no: EM132700289

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