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Assume that you are considering the purchase of a 15-year, noncallable bond with an annual coupon rate of 9.0%. 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 9.0%. The bond has a face value of $1,000, and it makes semiannual interest payments. If you require a 7.1% nominal yield to maturity on this investment, what is the maximum price you should be willing to pay for the bond? Oa. $1,173.64 Ob. $764.68 Oc. $1,202.83 Od. $1,233.42 Oe. $1,109.03

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