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Question
A bond with a par value of $1,000 and a 10% semi-annual coupon rate has 9 years to maturity. Assuming it is priced to yield 8%, compounded semi-annually, what is the market price of the bond, to the nearest dollar?a. $1,074
b. $1,127
c. $1,450
d. $1,510
e. None of the above
Answer
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Related questions
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