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13. You are analyzing a corporate bond with the following characteristics. It 3 has a $20,000 face value, three years to maturity, carries a 2%
13. You are analyzing a corporate bond with the following characteristics. It 3 has a $20,000 face value, three years to maturity, carries a 2% coupon (paid annually) and has a yield to maturity of 4%. What is the market price of the bond? Use Present Value Interest Factor Tables in solving this question. 18,890.04 O 19,256.84 55,857.6
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