Janice is planning to buy a 6% $80000 5-year bond. She is going to receive...
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Janice is planning to buy a 6% $80000 5-year bond. She is going to receive a quarterly dividend for 5 years. Which one of the following value is closest to the maximum amount she should pay today to make a nominal 13% per year compounded semiannually in this investment? (Assume no inter period interest accrued when payment period is smaller than compounding period.) Select one: a. 59645 b. 59871 C. 80000 d. 64800
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