Assume that you are considering the purchase of a 15-year


Assume that you are considering the purchase of a 15-year bond with a coupon rate of 10%. The bond has a par value of $1,000 and makes semiannual interest payments. If you require 12.0% nominal yield to maturity on this investment, what is the maximum price you should be willing to pay for the bond ?

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Financial Management: Assume that you are considering the purchase of a 15-year
Reference No:- TGS02657243

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