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As an investor, you are considering purchasing one of IBM's publicly traded bonds. It is a semi-annual coupon bond that will mature in 9 years
As an investor, you are considering purchasing one of IBM's publicly traded bonds. It is a semi-annual coupon bond that will mature in 9 years (it just paid a coupon of $30 and you missed it). The face value of the bond is $1,000. Your required return is 6.09% (remember that this is an effective rate because it's a required return). How much are you willing to pay for the bond? O $919.69. O $1,000.00 O $1075.42 O $1,165.58
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