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Exercise 6-7 What would you pay for a $195,000 debenture bond that matures in 15...

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Exercise 6-7 What would you pay for a $195,000 debenture bond that matures in 15 years and pays $9,750 a year in interest if you wanted to earn a yield of: Click here to view factor tables 3%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, eg. 458,581. Amount to Pay $

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