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What Would a GMA 6% Coupon Bond Maturing in 14

Question 95

Multiple Choice

What would a GMA 6% coupon bond maturing in 14 years sell (approximately) for if the current yield is 6.8633% and the yield-to-maturity is 7.48%?

A) $950.20
B) $920.02
C) $1051.54
D) $874.21

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