What is the most we should pay for a bond with a par value of $1000, coupon rate of 6 3 paid annually, and a remaining life of 27 years The yield to maturity is 3 1 Assume annual discounting (Round your answer to the nearest penny ) What is the most we should pay for a bond with a par value of $1000, coupon rate of 6 3 paid annually, and a remaining life of 27 years The yield to maturity is 3 1 Assume annual discounting (Round your answer to the nearest penny )

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Question: What is the most we should pay for a bond with a par value of $1000, coupon rate of 6.3% paid annually, and a remaining

What is the most we should pay for a bond with a par value of $1000, coupon rate of 6.3% paid annually, and a remaining life of 27 years? The yield to maturity is 3.1%. Assume annual discounting. (Round your answer to the nearest penny.)

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