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Company A ' s 2 5 - year bonds have an annual coupon rate of 9 . 4 % . Each bond has a face
Company As year bonds have an annual coupon rate of Each bond has a face value of $ and makes semiannual interest payments. If you require an nominal yield to maturity on this investment, what is the maximum price you should be willing to pay for the bond?
a $
b $
c $
d $
e $
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