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What is the most nellie should pay for the bond

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Question - Nellie is evaluating a potential bond purchase that the seller purchased 12 years ago for $4,000. The bond matures 8 years from today. It has a face value of $10,000, pays quarterly coupons with a coupon rate of 1%. To make a yield to maturity of 10% EAR, what is the most Nellie should pay for the bond.

Reference no: EM131875841

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