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Consider a Bond with a 9 Percent Coupon and a Current

Question 20

Multiple Choice

Consider a bond with a 9 percent coupon and a current yield of 8 1/2 percent. What is this bond's price?

A) $1058.82
B) $1009.00
C) $1085.00
D) $1062.44
E) $1077.96

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