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Question 36 Assume that you wish to purchase a bond with a 31-year maturity, an annual coupon rate of 7.25%, a ace value of $1,000,

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Question 36 Assume that you wish to purchase a bond with a 31-year maturity, an annual coupon rate of 7.25%, a ace value of $1,000, and se annual interest payments f you require a 6 75% retum on hs Not yet answered investment, what is the maximum price you should be willing to pay for the bond? INCLUDE 2 DECIMAL PLACES WITH YOUR ANSWER. YOU MUST SHOW ALL WORK (INCLUDING FINANCIAL CALCULATOR KEYSTROKES USED TO SOLVE FOR ANSWER) TO RECEIVE CREDIT. Points out of 5.0 Flag

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