What selling price can you achieve your target return rate

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Reference no: EM131495627

When you purchased greaterthanorequalto bonds at $980, you expected a return rate 8% APR. After holding the bonds for 2 months, you received a $20 coupon payment. If you want to sell the bonds right after receiving the coupon, at what selling price can you achieve your target return rate?

Reference no: EM131495627

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