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Question 4 The AirJet Service Companys bonds have four years remaining to maturity. Interest is paid semiannually; the bonds has a $1000 face value and

Question 4

The AirJet Service Companys bonds have four years remaining to maturity. Interest is paid semiannually; the bonds has a $1000 face value and the coupon interest rate is 9% compounded semiannually. Knowing that the next payment is due today and you want to make 10% compounded monthly, how much would you be willing to pay for this bond?

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