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Business, 10.10.2019 00:30 sammamamam1090

You are thinking about buying a bond that offers a coupon rate of 6% but with semi-annual coupon payments. the bond has exactly 7 years remaining to maturity. the face value of the bond is $1,000. your required return is 8.16% per year. how much should you be willing to pay for this bond? 1,211.2625

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