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If You Purchase a 3-Year, 9% Annual Coupon Bond for $1,002.03

Question 71

Multiple Choice

If you purchase a 3-year, 9% annual coupon bond for $1,002.03, how much could it be sold for 2 years later if interest rates have remained stable?

A) $999.29
B) $1,000.74
C) $998.97
D) $1,000.00

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