You are considering a 10-year, $1,000 par value bond. Its coupon rate is 8%, and...
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Accounting
You are considering a year, $ par value bond. Its coupon rate is and interest is paid semiannually. If you require an "effective" annual interest rate not a nominal rate of how much should you be willing to pay for the bond? Do not round intermediate calculations. Round your answer to the nearest cent..
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