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1. Avalon Industries is issuing a bond with a 3.75% coupon rate that matures in 25 years. At a yield to maturity of 5.25%, the
1.
Avalon Industries is issuing a bond with a 3.75% coupon rate that matures in 25 years. At a yield to maturity of 5.25%, the price per $100 is closest to:
| A. | $124.20. | |
| B. | $79.25. | |
| C. | $79.38. |
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
8th Edition
1264098723, 978-1264098729
