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Genuine answer asap Assume that you wish to purchase a 20 -year bond that has a maturity value of $1,000 and a coupon interest rate

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image text in transcribed Assume that you wish to purchase a 20 -year bond that has a maturity value of $1,000 and a coupon interest rate of 8%, paid semiannually. If you require a 10% rate of return on this investment, what is the maximum price that you would be willing to pay for this bond

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