Abc corporations bonds have a 10-year maturity a 550 coupon


ABC Corporation's bonds have a 10-year maturity, a 5.50% coupon rate with interest paid semiannually, and a par value of $1,000. If your  nominal required rate of return on these bonds is 8.25%, what is the maximum price you should be willing to pay for the bond?

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Finance Basics: Abc corporations bonds have a 10-year maturity a 550 coupon
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