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Posted on Sep 04, 2024

You have an opportunity to buy a $ 1 , 0 0 0 bond, which matures in 1 0 years. The bond pays $ 3

You have an opportunity to buy a $

1, 000

bond, which matures in

10

years. The bond pays $

30

every six months. The current market interest rate is

8 % .

What is the most you would be willing to pay for this bond?

Please give me the correct answer as there are so many different answers here on chegg. I need the correct answer for this question.

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