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QUESTION
Problem 1. You have an opportunity to buy a $1,000 bond, which matures in 10 years. The bond pays $30 every six months. The current market interest...
Problem
1.
You have an opportunity to buy a $1,000 bond, which matures in 10 years. The bond pays
$30 every six months. The current market interest rate is 8%. What is the most you would be
willing to pay for this bond?
without financial calculator how to do?
