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18. A coupon bond which pays interest semi-annually has a par value of $1,000, matures in 15 years, and has a coupon rate is 5.0%.

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18. A coupon bond which pays interest semi-annually has a par value of $1,000, matures in 15 years, and has a coupon rate is 5.0%. The current rates are 6.0%. If rates do not change in 3 years, at what price the bond will trade at that time? A. $896.87 B. $902.00 C. $915.32 D. $1,012.33

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