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You are considering a 5 - year, $ 1 0 0 0 par value bond. Its coupon rate is 4 . 6 % , and
You are considering a year, $ par value bond. Its coupon rate is and is paid times a year. If you require an \"effective\" annual interest rate not a nominal rate of how much are you willing to pay for the bond?
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
13th edition
1439078106, 111197375X, 9781439078105, 9781111973759, 978-1439078099
