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please answer quickly! You intend to purchase a 9 -year, $1,000 face value bond that pays interest of $65 every 6 months. If your nominal
please answer quickly!
You intend to purchase a 9 -year, $1,000 face value bond that pays interest of $65 every 6 months. If your nominal annual required rate of return is 11.6 percent with semiannual compounding, how much should you be willing to pay for this bond? $1,106.94 $1,076.94 $1,086.94 $1,096.94 $1,066.94 Step by Step Solution
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