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

What Is The Maximum Price You Will Pay For A Bond

What is the maximum price you will pay for a bond with a face value of $1000 and a coupon rate of 14%, paid annually, if you want a yield to maturity of 10%? Assume that the bond will mature in 10 years and the first payment will be received in one year.

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

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