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Assume that you are considering the purchase of a 7 - year bond with an annual coupon rate of 7 . 0 % . The

Assume that you are considering the purchase of a 7-year bond with an annual coupon rate of 7.0%. The bond has face value of $1,000 and makes semiannual interest payments. If you require an 10.0% nominal yield to maturity on this investment, what is the maximum price you should be willing to pay for the bond?
a.,729.30
b.1,021.60
C.1,000.00
d.851.52
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