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denpristay [2]
3 years ago
9

An investor just purchased a 10-year, $1,000 par value bond. the coupon rate on this bond is 8 percent annually, with interest b

eing paid every 6 months. if the investor expects to earn a 10 percent simple rate of return on this bond, how much should she pay for it? (round the answer to two decimal places.)v
Business
1 answer:
cupoosta [38]3 years ago
7 0

i think it is $875.38

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