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An investor wants to invest in bonds with a coupon rate of 14% (coupon payment once a year), 256 days to maturity, and a nominal
An investor wants to invest in bonds with a coupon rate of 14% (coupon payment once a year), 256 days to maturity, and a nominal value of TL 1.000. If the expected rate of return on this investment is 18%, what price should she pay for each bond? (1 year=365 days) A) 1.380 TL B) 1.200 TL C) 1.000 TL D) 1.140 TL E) 1.015 TL
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