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Exercise 6-7 What would you pay for a $120,000 debenture bond that matures in 15...

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Accounting

Exercise 6-7

What would you pay for a $120,000 debenture bond that matures in 15 years and pays $12,000 a year in interest if you wanted to earn a yield of: (Use the tables below.)

8%

10%

11%

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