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Question - Assume that three years ago, you purchased a corporate bond that pays 8.30 percent. The face value of the bond was $1,000. Also assume that three years after your bond investment, comparable bonds are paying 8.10 percent.
Required -
(a) What is the annual dollar amount of interest that you receive from your bond investment?
(b) Assuming that comparable bonds are paying 8.10 percent, what is the approximate dollar price for which you could sell your bond?
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When you registered for this class and paid your tuition, you interacted with the college's information systems.
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