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Rogoff Co.'s 14-year bonds have an annual coupon rate of 7.9%. Each bond has face value of R1015 and makes semi-annual interest payments. If you

Rogoff Co.'s 14-year bonds have an annual coupon rate of 7.9%. Each bond has face value of R1015 and makes semi-annual interest payments. If you require an 9.6% 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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