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Assume that you are considering the purchase of a 20-year, noncallable bobd with an annual coupon rate of 9.5%. The bond has a face value

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Assume that you are considering the purchase of a 20-year, noncallable bobd with an annual coupon rate of 9.5%. The bond has a face value of 51,000 , and at makes semianoual interest payments. If you require an 9.59 nominal yield to maturity on this investaneat, what is the maximum price you should be willing to pay for the bond? a. 51,010,00 b. 5950.00 c. 51,000.00 d. 51,140.00 le $1,220.00

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