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Question
An 8-year corporate bond has a 7% coupon rate. What should be the bond's price if the required return is 6% and the bond pays interest semiannually?
A. $1062.81
B. $1062.10
C. $1053.45
D. $1052.99
E. $1049.49
Answer
This answer is hidden. It contains 42 characters.
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