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Question
A bond with a par value of $1,000 and a 13% semi-annual coupon rate has 20 years to maturity. Assuming it is priced to yield 10%, compounded semi-annually, what is the market value of the bond, to the nearest dollar?a. $1,187
b. $1,107
c. $1,257
d. $2,373
e. None of the above
Answer
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Related questions
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