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ʎddɐɥ ʎddɐɥ
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7 years ago
If Mars Corp wanted to sell $10,000 of 5-year bonds with a nominal rate of 7% when the market expects to receive 8%, what would the bonds selling price be if interest is paid annually?
A) $10,000.00
B) $10,410.02
C) $10,700.00
D) $  9,600.73
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hol23hol23
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7 years ago
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