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Question 6 You are considering a 8-year, $1,000 par value bond. Its coupon rate is 8%, and interest is paid semiannually. If you require an

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Question 6 You are considering a 8-year, $1,000 par value bond. Its coupon rate is 8%, and interest is paid semiannually. If you require an "effective" annual interest rate (not a nominal rate) of 6.25%, how much should you be willing to pay for the bond

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