A 30-year bond has a face value of $100,000 and pays monthly dividends at a...
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Accounting
A 30-year bond has a face value of $100,000 and pays monthly dividends at a coupon rate of 6%. If an investor wants a rate of return of at least 8% per year, compounded monthly, what should be the maximum price paid for the bond? Round your answer to the nearest dollar. Enter only numerals, i.e., do not enter a dollar sign, decimal point, comma(s), etc.
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