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Business, 01.10.2021 03:00 thedarcieisabelleand
you are thinking about buying a bond that offers a coupon rate of 6% but with semi-annual coupon payments. the bond has exactly 7 years remaining to maturity. the face value of the bond is $1,000. your required return is 8.16% per year. how much should you be willing to pay for this bond?
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