Emma plans to purchase a 1000 12 percent semi-annual bond, Ask an Expert

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Emma plans to purchase a $1000, 12 percent semi-annual bond, hold it for 3 years, receive six coupon payments, and redeem it at par value. What is maximum amount she should pay for the bond if she wants to earn at least 14 percent compounded semiannually on her investment?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91773026

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