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Suppose a Ten-Year Bond with Semiannual Coupons Has a Price

Question 69

Multiple Choice

Suppose a ten-year bond with semiannual coupons has a price of $1,071.06 and a yield to maturity of 7%.This bond's coupon rate is closest to:

A) 3.5%.
B) 6.0%.
C) 7.0%.
D) 8.0%.

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