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Business, 21.02.2020 21:53 jumana3

Pierre Dupont just received a cash gift from his grandfather. He plans to invest in a five-year bond issued by Venice Corp. that pays a coupon rate of 5.5 percent. If the current market rate is 7.25 percent, what is the maximum amount Pierre should be willing to pay for this bond?

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Pierre Dupont just received a cash gift from his grandfather. He plans to invest in a five-year bond...

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