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method please Your own a Hebb Co. bond with the following characteristics: xlsx Face value: $1,000 Coupon rate: 8% Coupons are paid semi-annually Years to
method please
Your own a Hebb Co. bond with the following characteristics: xlsx Face value: $1,000 Coupon rate: 8% Coupons are paid semi-annually Years to Maturity: 15 years Current price: $ 851 Hebb Co. company is willing to double the last 8 coupon payments. If you require a 16% yield with semi-annual compounding, what is the most you would be willing to pay now for this option? Answer to the nearest cent and do NOT include a $ sign. er- .pdf Step by Step Solution
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