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You are interested in investing in a five-year bond that pays a 7.8 percent coupon rate with interest to be received semiannually. Your required rate

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You are interested in investing in a five-year bond that pays a 7.8 percent coupon rate with interest to be received semiannually. Your required rate of return is 9.8 percent. What is the most you would be willing to pay for this bond? (Round answer to 2 decimal places, e.g. 15.25.) Present value $ eTextbook and Media Attempts: 1 of 3 used Saved work will be auto-submitted on the due date. Autosubmission can take up to 10 minutes

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