Suppose you are thinking about buying a 9 year, $1,000 par value bond with a 7% coupon. Interest on this bond is paid an

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Suppose you are thinking about buying a 9 year, $1,000 par value bond with a 7% coupon. Interest on this bond is paid an

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Suppose You Are Thinking About Buying A 9 Year 1 000 Par Value Bond With A 7 Coupon Interest On This Bond Is Paid An 1
Suppose You Are Thinking About Buying A 9 Year 1 000 Par Value Bond With A 7 Coupon Interest On This Bond Is Paid An 1 (13.65 KiB) Viewed 11 times
Suppose you are thinking about buying a 9 year, $1,000 par value bond with a 7% coupon. Interest on this bond is paid annually. If your required rate of return is 11% annually, how much should you pay for the bond? (Round your answer to two decimal point)
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