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If You Purchase a Three-Year, 9% Coupon Bond for $950

Question 15

Multiple Choice

If you purchase a three-year, 9% coupon bond for $950, how much could it be sold for two years later if interest rates have remained stable?

A) $964.95
B) $981.56
C) $983.33
D) $1,000.00 Using the BAII Plus calculator:

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