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You are considering buying a bond with a 10-year maturity. The bonds coupon rate is 8% and the interest rate is paid semiannually. If youu

You are considering buying a bond with a 10-year maturity. The bonds coupon rate is 8% and the interest rate is paid semiannually. If youu want to earn an effective interest rate of 8.16%, how much should you be willing to pay for the bond? Where the par value is 1.000.000.000

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