Question: Question: What would you pay for a $ 2 2 0 , 0 0 0 debenture bond that matures in 1 5 years and pays

Question: What would you pay for a $220,000 debenture bond that matures in 15 years and pays $11,000 a year in interest if you wanted to earn a yield of: 5%?
What would you pay for a $220,000 debenture bond that matures in 15 years and pays $11,000 a year in interest if you wanted to earn a yield of:
5%?

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