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Suppose a bond with no expiration date has a face value of $25,000 and annually pays a fixed amount on interest of $1,500.
Suppose a bond with no expiration date has a face value of $25,000 and annually pays a fixed amount on interest of $1,500. Compute and enter in the spaces provided either the interest rate that the bond would yield to a bond buyer at each of the bond prices listed or the bond price at each of the interest yields shown.