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You'd like to buy a 25-year, noncallable bond with an annual coupon rate of 8.4% paid semi-annually. The bond has a par value of
You'd like to buy a 25-year, noncallable bond with an annual coupon rate of 8.4% paid semi-annually. The bond has a par value of $1,000. If you require an 6.35% nominal yield to maturity on this investment, what should you be willing to pay for the boed? $1255.19 Ob.$1044.66 Oc $1071.34 Od $1012.55 Oe51184.27
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