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A $1,000 par value bond pays interest each quarter and will mature in 10 years. The coupon rate is 10%. If your nominal annual required
A $1,000 par value bond pays interest each quarter and will mature in 10 years. The coupon rate is 10%. If your nominal annual required rate of return is 13 % with quarterly compounding, how much should you be willing to pay for this bond? Round to the nearest cent.
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