Question: What maximum price would you pay for a standard 8 level-coupon bond (with semi-annual payments and a face value of $ 1000) that has 10

What maximum price would you pay for a standard 8 level-coupon bond (with semi-annual payments and a face value of $1000) that has 10 years to maturity if the prevailing discount rate (your cost of capital) is an effective 10% per annum

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