Question 15 5 pts Suppose you are thinking about buying a 5 year $1.000 par value bond with a 9% coupon. Interest on thi
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Question 15 5 pts Suppose you are thinking about buying a 5 year $1.000 par value bond with a 9% coupon. Interest on thi
Question 15 5 pts Suppose you are thinking about buying a 5 year $1.000 par value bond with a 9% coupon. Interest on this bond is paid annually. If your required rate of retum is 11% annually, how much should you pay for the bond? (Round your answer to two decimal point