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  3. 2. you are considering buying a $1,000 par value b

2. You are considering buying a $1,000 par value bond issued by IBM and currently...

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2. You are considering buying a $1,000 par value bond issued by IBM and currently trading at USD 875.39. The coupon rate is 8% annually, with interest being paid semiannually. If you expect to earn a 10% rate of return on this bond, what is the times to maturity of this bond

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