Find the price a purchaser should be willing to pay for the given bond. Assume...
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Find the price a purchaser should be willing to pay for the given bond. Assume that the coupon interest is paid twice a year. $20,000 bond with coupon rate 8% that matures in 5 years, current interest rate is 7% The purchaser should be willing to pay $ (Simplify your answer. Round to the nearest cent as needed.)
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