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The owner of a promissory note will receive a payment of $5,000 plus interest at...

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Finance

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The owner of a promissory note will receive a payment of $5,000 plus interest at a rate of J7-4.62% 5 years after the issue date. Two years before the maturity date, the owner of the note sells it to yield the buyer a rate of return of J12-4.46%. Calculate the price the note was sold for. You can be given partial points for: a) Doing the 5 required steps for your timeline b) Showing your calculations for each steps Your

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