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Assume that you are considering the purchase of a 15-year, noncallable bond with an annual...

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Assume that you are considering the purchase of a 15-year, noncallable bond with an annual coupon rate of 91%. The bond has a face value of $1,000, and it makes semiannual interest payments. If you require a 7.7% nominal yield to maturity on this investment, what is the maximum price you should be willing to pay for the bonda 4,51,078.65 b. 51,16218 572537 d: 51.154.13 e $1.123.28

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