Find most that would be willing to pay for bond
You have an opportunity to buy a $1000 bond which matures in 10 years. The bond pays $30.00 every six months. The current market interest rate is 8%. What is the most you would be willing to pay for this bond?
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The bond pays $30.00 every six months. The current market interest rate is 8%. What is the most you would be willing to pay for this bond?
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