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If You Purchase a 3-Year,9% Coupon Bond for $950,how Much

Question 40

Multiple Choice

If you purchase a 3-year,9% coupon bond for $950,how much could it be sold for 2 years later if interest rates have remained stable?

A) $964.95
B) $981.56
C) $983.33
D) $1,000.00

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