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You, as an investor, wish to purchase a 20-year bond with a maturity value of $1,000 and semiannual coupon payments of $40. If you, as

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You, as an investor, wish to purchase a 20-year bond with a maturity value of $1,000 and semiannual coupon payments of $40. If you, as an investor, require a 10 percent yield to maturity on this investment, what is the maximum price you will be willing to pay for this bond? b. From the computation, is this bond selling at par, discount, or premium

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