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attashe74 [19]
3 years ago
9

Mary wants to purchase a 20-year bond that has a par value of $1,000 and makes semiannual interest payments of $40. If her requi

red yield to maturity is 10%, which of the following is closest to how much should Mary be willing to pay for the bond?a. $902
b. $925
c. $1000
d. $828
Business
1 answer:
Alborosie3 years ago
4 0
D is the right answer!









|| explanation:
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