Business, 27.03.2020 04:08 gracedaniels68
. Assume that you are considering the purchase of a 20-year bond with an annual coupon rate of 9.5%. The bond has a face value of $1,000, and it makes semiannual interest payments. If you require a nominal yield to maturity of 10.7% on this bond investment, what is the price you should be willing to pay for this semiannual bond
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