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Question
If a $1000 par value bond has an 8% coupon (annual payments) rate, a 4-year maturity, and similar bonds are yielding 11%, what is the price of the bond?a. $1,000.00
b. $880.22
c. $906.93
d. $910.35
Answer
This answer is hidden. It contains 3 characters.
Related questions
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