You have just bought a 10-year security that pays $500 every six months. Another equally risky security also has a maturity of 10 years, and pays 10%, compounded monthly (that is, the nominal rate is 10%). What price should you have paid for the security that you just purchased
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Home » Business » You have just bought a 10-year security that pays $500 every six months. Another equally risky security also has a maturity of 10 years, and pays 10%, compounded monthly (that is, the nominal rate is 10%).