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3. You are considering the purchase of a bond with a semiannual coupon of $36.00, ten years to maturity, a face value of $1,200.00, and

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3. You are considering the purchase of a bond with a semiannual coupon of $36.00, ten years to maturity, a face value of $1,200.00, and a current market price of $1,200.00. At what price will the bond sell in the market in 6 months, immediately after the first coupon payment, if the stated annual yield on the bond in six months is 3 percent? $ 895.64 $ 1000.00 $ 1200.00 $ 1495.67 $ 1367.85 $58.41 $35.93 $19.61 $12.21 $47.18 PPPFP

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