vbmnb2084 vbmnb2084

13-02-2024
Business

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Kwik-E-Mart has an $1,000 par value bond with an annual coupon rate of 8% that pays coupons semiannually with 20 years left to maturity. What is the most you would be willing to pay for this bond if your required return is 7% APR
a. $1106.78
b. $1150.65
c. $990.54
d. $1025.33

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