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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
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?
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
