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Assume that you are considering the purchase of a 20-year, noncallable bond with an annual coupon rate of 9.5%. The bond has a face
Assume that you are considering the purchase of a 20-year, noncallable bond with an annual coupon rate of 9.5%. The bond has a face value of $1,000, and it makes semiannual interest payments. If you require an 9.8% nominal yield to maturity on this investment, what is the maximum price you should be willing to pay for the bond? O $973.91 $1,032.34 $944.69 $808.34 $1,003.12
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Practical financial management
Authors: William r. Lasher
5th Edition
0324422636, 978-0324422634
