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D Question 14 6 pts You plan to invest in Fixed income so you have decided that Corporate Bonds are appropriate for your investment needs.

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D Question 14 6 pts You plan to invest in Fixed income so you have decided that Corporate Bonds are appropriate for your investment needs. You find a bond that that matures in 11 years. yields 8.81% and makes coupon payments of 12%. If the par value equals $1,000, what is the most you must be willing to pay for each Bond? Enter your answer to the nearest penny

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