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Assume that you are considering the purchase of a 25y ear, noncallable bond with an annual coupon rate of 10.3%. The bond has a face

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Assume that you are considering the purchase of a 25y ear, noncallable bond with an annual coupon rate of 10.3%. The bond has a face value of $1,000, and it makes semiannual interest payments. If you require a 12.6% nominal yield to maturity on this investment, what is the maximum price you should be willing to pay for the bond? a. 381794 b. 3875:14 c. $439.16 d. 5857,09 e. $82606

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