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Find what should dan be willing to pay for the bond

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Question 1: Dan is considering purchasing a bond with a face value of $1,000 and a coupon rate of 5%. The bond matures in 5 years and pays the coupon twice per year. Dan's "MARR" is 10%, compounded semi-annually. What should Dan be willing to pay for the bond?

Reference no: EM132595231

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