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Question 7 15 pts You plan to invest in Fixed income so you have decided that Corporate Bonds are appropriate for your investment needs. You

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Question 7 15 pts You plan to invest in Fixed income so you have decided that Corporate Bonds are appropriate for your investment needs. You find a bond that that matures in 20 years, yields 5.26% and makes coupon payments of 5.70%. If the par value equals $1,000, what is the most you must be willing to pay for each Bond? Please enter your answer to the nearest penny

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