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a companys 20-year bonds have an annual coupon rate of 10%. each bond has face value of $1,000 and makes semiannual interest payments. if you
a companys 20-year bonds have an annual coupon rate of 10%. each bond has face value of $1,000 and makes semiannual interest payments. if you require an 11% nominal yield to maturity on this investment, what is the maximum price you should be willing to pay for the bond? a. 919.77 b. 879.65 c.959.51 d. 839.54 e. 959.88
a companys 20-year bonds have an annual coupon rate of 10%. each bond has face value of $1,000 and makes semiannual interest payments. if you require an 11% nominal yield to maturity on this investment, what is the maximum price you should be willing to pay for the bond?
a. 919.77
b. 879.65
c.959.51
d. 839.54
e. 959.88
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