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You have just noticed in the financial pages of the local newspaper that you can buy a bond ($1,000 par). If the coupon rate is 6.5 percent, with annual interest payments, and there are 6 years to maturity, what should the purchase be valued at if your required rate of return on investments of this type is 14.1 percent?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91773214

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