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25, what is the price of a 4-year discount bond with a yield-to-maturity of 5.4% and face value of $500? a. $405.15 b. $474.38 c.
25, what is the price of a 4-year discount bond with a yield-to-maturity of 5.4% and face value of $500? a. $405.15 b. $474.38 c. $94.88 d. $88.90 26. Which of the following statements is true? a. b. c. d. A coupon bond will always sell at par A zero-coupon bond will always sell at par A zero-coupon bond will always sell at a discount. A coupon bond will always sell at a discount
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