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You plan to invest in Fixed income so you have decided that Corporate Bonds are appropriate for your investment needs. You find a bond that

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You plan to invest in Fixed income so you have decided that Corporate Bonds are appropriate for your investment needs. You find a bond that that matures in 29 years, yields 9.85% and has a coupon rate of 13%; making semiannual payments. If the par value equals $1,000, what is the most you must be willing to pay for each Bond? Enter your answer to the nearest penny. You plan to invest in Fixed income so you have decided that Corporate Bonds are appropriate for your investment needs. You find a bond that that matures in 29 years, yields 9.85% and has a coupon rate of 13%; making semiannual payments. If the par value equals $1,000, what is the most you must be willing to pay for each Bond? Enter your answer to the nearest penny

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