Assume that you wish to purchase a 20-year bond that has a maturity value of R1,000 and makes semi-annual interest payments of R40.If you require a 10 percent simple yield to maturity on this investment, what is the maximum price you should be willing to pay for the bond?
A) R619
B) R674
C) R761
D) R828
E) R902
Correct Answer:
Verified
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