Mia wants to invest in Treasury bonds that have a par value of $20,000 and a coupon

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Mia wants to invest in Treasury bonds that have a par value of $20,000 and a coupon rate of 4.5%. The bonds have a ten-year maturity and Mia requires a 3% return. How much should Mia pay for her bonds, assuming interest is paid annually?

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ISBN: 9780134989969

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Authors: Jeff Madura

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Question Posted: Jan 03, 2023 12:42 AM

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Mia wants to invest in Treasury bonds that have a par value of $20,000 and a coupon

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Mia should pay 22557 for the bonds Required informa...View the full answer

Personal Finance

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