What is the maximum price you will pay for a bond with a, Ask an Expert

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What is the maximum price you will pay for a bond with a face value of ?$900 and a coupon rate of 15?%, paid? annually, if you want a yield to maturity of 7?%? Assume that the bond will mature in 13 years and the first payment will be received in one year.

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Financial Management, Finance

Category:- Financial Management
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