Jbullon8550 Jbullon8550

28-09-2022
Business

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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?.

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