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Find the price a purchaser should be willing to pay for the given bond. Assume that the coupon interest is paid twice a year. $19,000
Find the price a purchaser should be willing to pay for the given bond. Assume that the coupon interest is paid twice a year.
$19,000 bond with coupon rate 7% that matures in 3 years; current interes rate is 6%
The purchaser should be willing to pay $___________
(Simplify your answer. Round to the nearest cent as needed.)
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