What is the maximum price an investor will pay for a bond with a face value of

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What is the maximum price an investor will pay for a bond with a face value of $\$ 5,000$ and a coupon rate of $12 \%$, paid annually? Assume the investor seeks a yield of $10 \%$ and the bond will mature in 10 years.

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Financial Decision Making For Engineers

ISBN: 9780300192186

1st Edition

Authors: Colin K. Drummond

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Question Posted: Apr 20, 2024 05:00 AM

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What is the maximum price an investor will pay for a bond with a face value of

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Financial Decision Making For Engineers

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