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A $1000 Face Value Bond,with a 7

Question 47

Multiple Choice

A $1000 face value bond,with a 7.5% coupon rate paid semi-annually and maturing in five years,is currently yielding 6.4% in the market.What is the current price of the bond?


A) $1000
B) $1045.84
C) $1046.44
D) $1079.45

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