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Rogoff Co.'s 11-year bonds have an annual coupon rate of 7.3%. Each bond has face value of R1135and makes semi-annual interest payments. If you require

Rogoff Co.'s 11-year bonds have an annual coupon rate of 7.3%. Each bond has face value of R1135and makes semi-annual interest payments. If you require an 10.4% nominal yield to maturity on this investment.

What is the maximum price you should be willing to pay for the bond? R

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