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Consider the bond described below: Years to maturity = 15 Annual coupon rate = 9.5%, paid semiannually. Face value = $1,000 If you require an
Consider the bond described below:
- Years to maturity = 15
- Annual coupon rate = 9.5%, paid semiannually.
- Face value = $1,000
If you require an 11.0% nominal yield to maturity, the maximum price you should be willing to pay for the bond is closest to:
| a. | $891.00 | |
| b. | $913.27 | |
| c. | $1,059.51 |
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Venture Capital And The Finance Of Innovation
Authors: Andrew Metrick
1st Edition
0470074280, 9780470074282
