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    bond max price

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    Assume you wish to purchase a 25-year semiannual bond that has a maturity value of $1,000. the coupon rate is 8%. if you require a 10% yield to maturity on this investment, what is the maximum price you should be willing to pay for the bond?

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    https://brainmass.com/economics/bonds/bond-max-price-28912

    Solution Summary

    Determine bond max price.

    $2.19

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