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Hall Assume that you are considering the purchase of a 20 yeat, noncallable bond with an annual coupon rate of 60 percent. The band has

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Hall Assume that you are considering the purchase of a 20 yeat, noncallable bond with an annual coupon rate of 60 percent. The band has fece of 1000, and it makes some payments if you require an 9.05 percent nominal yield to maturity on this investment, what is the maximum price you should be willing to pay for the hond Me Choce $95874 594993 $972. 20 $96758

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