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assume 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

assume 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 9.5% nominal yield to maturity on this investment, what is the maximum price yopu should be willing to pay for the bond?

A. $1,140.00

B. $1010.00

C. $1,000.00

D. $1,220.00

E. $980.00

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