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What is the most you should be willing to pay today for a 15 year maturity corporate bond that has a 9% quoted coupon paid
What is the most you should be willing to pay today for a 15 year maturity corporate bond that has a 9% quoted coupon paid semiannually? The bond has a $1,000 face value and a 6% quoted YTM.
a.$1,176.32
b.$1,294.01
c.$1,291.37
d.$1,216.28
e.$1,179.07
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