You are considering a 5 - year, $ 1 0 0 0 par value bond. Its coupon
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You are considering a year, $ par value bond. Its coupon rate is and is paid times a year. If you require an \"effective\" annual interest rate not a nominal rate of how much are you willing to pay for the bond?
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To determine the bonds value we need to calculate its present valu... View the full answer
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