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Business, 22.09.2019 14:30 karmalol2271

Your friend barbara has a bond that she would like to sell to you. the bond matures in 10 years, has a face value of $1,000 and a coupon interest rate of 6% (paid annually). if you know that the yield to maturity on similar bonds is 8%, what is the maximum price you would be willing to pay for the bond?

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Your friend barbara has a bond that she would like to sell to you. the bond matures in 10 years, has...
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