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Assume that you are considering the purchase of a 15-year, noncallable bond with an annual coupon rate of 10,0%. The bond has a face value

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Assume that you are considering the purchase of a 15-year, noncallable bond with an annual coupon rate of 10,0%. The bond has a face value of $1.000, and it makes semiannual interest payments. If you require an 11.7% nominal yield to maturity on this investment, what is the maximum price you should be willing to pay for the bond? Oa. $881.10 Ob. $536.27 Oc. $916.63 Od. $859.96 Oe. $922.01

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