Question
A $1000 face value 7% coupon bond pays interest semiannually. It has 12 years remaining until maturity. If you require a return of 8% on
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A $1000 face value 7% coupon bond pays interest semiannually. It has 12 years remaining until maturity. If you require a return of 8% on this bond, what is the most that you would be willing to pay for it today?
$951.57
$895.61
$944.83
$923.77
$909.25
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Melissa Hart
7th Edition
1265521972, 978-1265521974
