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A $2000 Bond Is Redeemable at 102 in 6 Years

Question 60

Multiple Choice

A $2000 bond is redeemable at 102 in 6 years.The absolute value of the sum of the write downs (book value adjustment column) is $53.42.What is the price of the bond?


A) $2093.42
B) $2053.42
C) $1986.58
D) $1946.58

Correct Answer:

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