Jeremy Kohn is planning to invest in a 10-year bond with a face value of $1,000...
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Jeremy Kohn is planning to invest in a 10-year bond with a face value of $1,000 that pays a 12 percent coupon. The current market rate for similar bonds is 9 percent. Assume semiannual coupon payments. What is the maximum price that should be paid for this bond? $1,195 $951 $882 $1,033 Jeremy Kohn is planning to invest in a 10-year bond with a face value of $1,000 that pays a 12 percent coupon. The current market rate for similar bonds is 9 percent. Assume semiannual coupon payments. What is the maximum price that should be paid for this bond? $1,195 $951 $882 $1,033
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