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canter corp purchased 10, $1,000, 5% of simplex when the market rate of interest was 12% . Interest is paid semi annually on the bonds, and the bonds...

canter corp purchased 10, $1,000, 5% of simplex when the market rate of interest was 12% . Interest is paid semi annually on the bonds, and the bonds will mature in seven years. Using the pv function in excel compute the price Canter paid

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