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A 25-Year, $10,000 Strip Bond Was Issued at a Market

Question 154

Multiple Choice

A 25-year, $10,000 strip bond was issued at a market rate of 9.4% compounded semi-annually. What was the issue price?

A) $216.11
B) $962.46
C) $1,006.16
D) $1,058.20
E) $6,117.44

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