Question: What would you pay for a $100,000 debenture bond that matures in 15 years and pays $5,000 a year in interest if you wanted to

What would you pay for a $100,000 debenture bond that matures in 15 years and pays $5,000 a year in interest if you wanted to earn a yield of:

a. 4%?

b. 5%?

c. 6%?

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