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What should Ira pay for an 11.5% bond paying coupons semi-annually, that has a face value of $20,100, a term of 9 years, and a
What should Ira pay for an 11.5% bond paying coupons semi-annually, that has a face value of $20,100, a term of 9 years, and a yield-to-maturity of 28.4%?
Select one:
a.
$9,234.99
b.
$9,399.98
c.
$8,314.17
d.
insufficient information to determine
e.
$5,516.94
f.
$3,640.54
g.
$7,393.35
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