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Assume that an investor wishes to purchase a 2 0 - year bond with a maturity value of $ 1 , 0 0 0 and
Assume that an investor wishes to purchase a year bond with a maturity value of $ and the coupon payments is of maturity value. The interest is paid semiannually. If the investor requires a percent simple yield to maturity on this investment, what is the maximum price she should be willing to pay for the bond? Round the answer to the nearest whole number.
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