considering buying a semi-annual coupon bond with a stated coupon rate of 13% (note that...
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considering buying a semi-annual coupon bond with a stated coupon rate of 13% (note that the stated rate is in annual terms). There are 20 years to maturity remaining on it. Your required rate of return is 11.1 % per year. How much should you be willing to pay for this bond? ( Round your answer to three decimal pices. For example 1.23450 or 1.23463 will be rounded to 1.235 while 1.23448 will be rounded to 1.234)
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