Question: Your client has been offered a 10 year, $1.000 par value bond with a 15 percent coupon. Interest on this bond is paid quarterly. If

Your client has been offered a 10 year, $1.000 par value bond with a 15 percent coupon. Interest on this bond is paid quarterly. If your client is to cama nominal rate of return of 10 percent, compounded quarterly, how much should she pay for the bond at the end of the second year? Answer is rounded Your

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