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20) The ask yield on a 8 percent coupon Treasury bond maturing in eight years is 5.488 percent. If the face value is $1,000, what

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20) The ask yield on a 8 percent coupon Treasury bond maturing in eight years is 5.488 percent. If the face value is $1,000, what should be the QUOTED cost of the bond today (use semiannual compounding)? A) 107-6 B) 110-21 C) 112-12 D) 116-3 E) 118-5

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