Mia wants to invest in Government of Canada bonds that have a par value of $20,000 and a coupon rate of 5.6 percent. The

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Mia wants to invest in Government of Canada bonds that have a par value of $20,000 and a coupon rate of 5.6 percent. The

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Mia Wants To Invest In Government Of Canada Bonds That Have A Par Value Of 20 000 And A Coupon Rate Of 5 6 Percent The 1
Mia Wants To Invest In Government Of Canada Bonds That Have A Par Value Of 20 000 And A Coupon Rate Of 5 6 Percent The 1 (12.73 KiB) Viewed 11 times
Mia wants to invest in Government of Canada bonds that have a par value of $20,000 and a coupon rate of 5.6 percent. The bonds have a 9-year maturity, and Mia requires an 8 percent return. How much should Mia pay for her bonds, assuming interest is paid annually? (Use the TI BA II Plus financial calculator, and round to the nearest dollar.)
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