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How much should mia pay for her? bonds

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Question

Mia wants to invest in Treasury bonds that have a par value of ?$20,000 and a coupon rate of 7.4?%. The bonds have ?8-year ?maturity, and Mia requires ?9% return. How much should Mia pay for her? bonds, assuming interest is paid? annually?

Reference no: EM133495996

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