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The amount mia should pay for the

Mia wants to invest in Treasury bonds that have a par value of $20,000 and a coupon rate of 3.1%. The bonds have an 8-year maturity, and Mia requires a 7% return. How much should Mia pay for her bonds, assuming interest is paid annually?

The amount Mia should pay for the bonds is $

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Financial Management: The amount mia should pay for the

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