What is the maximum price you will pay for a bond with a


What is the maximum price you will pay for a bond with a face value of 20000 and a coupon rate of 9% paid annually, if you want a yield to maturity of 12%. Assume the bond will mature in 15 yrs and he first dividend payment will be received in one year

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Financial Management: What is the maximum price you will pay for a bond with a
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