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Your good friend is looking to buy a bond that pays semi-annual interest. The par value is $1,000 and the coupon rate is 4%. Your
| Your good friend is looking to buy a bond that pays semi-annual interest. The par value is $1,000 and the coupon | |||||
| rate is 4%. Your friend plans to hold the bond to its maturity, which is 10 years from now. | |||||
| If her required rate of return is 3%, what is the most you recommend your friend pay for the bond? (round to nearest cent) |
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The Meaningful Money Handbook
Authors: Pete Matthew
1st Edition
0857196510, 978-0857196514
