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fin 100 question uestion 7 $189.93 You are considering buying a 10-year, $1,000 par value bond issued by IBM. The coupon rate is 8% annually,

fin 100 question

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uestion 7 $189.93 You are considering buying a 10-year, $1,000 par value bond issued by IBM. The coupon rate is 8% annually, with interest being paid semiannually. If you expect to earn a 10% rate of return on this bond, what is the maximum price you should be willing to pay for this IBM bond? $875.39 $898.54 $911.46

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