Question: What would you pay for a $50,000 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 $50,000 debenture bond that matures in 15 years and pays $5,000 a year in interest if you wanted to earn a yield of?
(a) 8%?
(b) 10%?
(c) 12%?

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