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Assume that you are considering the purchase of a 2 5 - year, noncallable bond with an annual coupon rate of 9 . 3 %
Assume that you are considering the purchase of a year, noncallable bond with an annual coupon rate of The bond has a face value of $ and it makes semiannual interest payments. If you require a nominal yield to maturity on this investment, what is the maximum price you should be willing to pay for the bond?
a $
b $
c $
d $
e $
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