If you require an effective annual interest rate not a
You are considering a 10-year, $1,000 par value bond. Its coupon rate is 9%, and interest is paid semiannually. If you require an "effective" annual interest rate (not a nominal rate) of 11.71%, how much should you be willing to pay for the bond?
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last year janet purchased a 1000 face value corporate bond with an 8 annual coupon rate and a 10-year maturity at the
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