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Felix sani just received a gift from his grandfather he

Felix Sani just received a gift from his grandfather. He plans to invest in a 5-year bond issued by Nuforce Ltd that pays annual coupons of 5.5 per cent. If the current market rate is 7.25 per cent, what is the maximum amount Pierre should be willing to pay for this bond?

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Finance Basics: Felix sani just received a gift from his grandfather he

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