assume that you wish to purchase a bond with a 17-year maturity, an annual coupon rate of
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Question:
assume that you wish to purchase a bond with a 17-year maturity, an annual coupon rate of 11.5%, a face value of $1,000, and semiannual interest payments. if you require 9.5% return on this investment, what is the maximum price you should be willing to pay for the bond
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