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What is the value of the bond to you

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Reference no: EM132965397

Question - Xerox issued bonds that pay $37.50 in interest each year and will mature in 9 years. You are thinking about purchasing the bonds. You have decided that you would need to receive a return of 3 percent on your investment. What is the value of the bond to you, first assuming that the interest is paid annually and then semiannually?

Reference no: EM132965397

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