What is the maximum amount pierre should be willing to pay

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Pierre dupont just received a gift from his grandfather. He plans to invest in a five year bond issued by venice corp that pays annual coupons 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.

Reference no: EM13287404

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What is the maximum amount pierre should be willing to pay : Pierre dupont just received a gift from his grandfather. He plans to invest in a five year bond issued by venice corp that pays annual coupons of 5.5 percent. If the current market rate is 7.25 percent, what is the maximum amount pierre should be ..
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