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Bonds issued by Boeing (BA) carry a coupon rate of 6.875%. The bonds mature in 28 years. If the bonds yield a 6% return for
Bonds issued by Boeing (BA) carry a coupon rate of 6.875%. The bonds mature in 28 years. If the bonds yield a 6% return for investors, what is the most an investor would be willing to pay for these bonds? Assume the bonds pay interest on a semiannual basis and have a maturity value of $1,000
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