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A $1000 Bond with Semi-Annual Coupons Is Redeemable for $1040

Question 37

Multiple Choice

A $1000 bond with semi-annual coupons is redeemable for $1040.The absolute value of the sum of the write down column (book value adjustment column) is $69.30.What is the price of the bond?


A) $1109.30
B) $1069.30
C) $970.70
D) $930.70

Correct Answer:

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