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If you require an effective annual interest rate ( not a nominal rate ) of 9 . 4 5 % , how much should you
If you require an "effective" annual interest rate not a nominal rate of how much should you be willing to pay for the bond? Do not round intermediate steps. Round your answer to the nearest cent.
you are considering a year, $ par value bond. Its coupon rate is and interest is paid semiannually.
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