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You want to increase the diversity of your current investment portfolio by adding a few different Corporate Bonds. One of the bonds you are looking
You want to increase the diversity of your current investment portfolio by adding a few different Corporate Bonds. One of the bonds you are looking at matures in 29 years, yields 7.63% and has a coupon rate of 10% paid semiannually. If the par value equals $1,000, what is the most you should be willing to pay for each bond?
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