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  3. 5 15-year bonds each having a face value of $1000

5 15-year bonds each having a face value of $1000 and a coupon rate of...

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Accounting

5 15-year bonds each having a face value of $1000 and a coupon rate of 6% per 6 months payable semiannually were purchased for $7000 8 years ago, and the 16th coupon payment was just made. What can they be sold for now to a buyer if that buyer's desired retrun is 4% per 6 months?

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