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Question 2 1.25 pts Assume that you are considering the purchase of a 20-year, noncallable bond with an annual coupon rate of 9.5%. The bond

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Question 2 1.25 pts Assume that you are considering the purchase of a 20-year, noncallable bond with an annual coupon rate of 9.5%. The bond has a face value of $1,000, and it makes semiannual interest payments. If you require an 8.4% nominal yield to maturity on this investment, what is the present value of the bond? $1,161.67 $1,190.71 $1,133.34 $1,105.69 $1,220.48

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