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You'd like to buy a 2 5 - year, noncallable bond with an annual coupon rate of 8 . 4 % paid semi - annually.
You'd like to buy a year, noncallable bond with an annual coupon rate of paid semiannually. The bond has a par value of $ If you require an nominal yield to maturity on this investment, what should you be willing to pay for the bond?
O a $
b $
O c $
d $
e $
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