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5. Bond price A 5.125 percent $1,000 bond matures in 7 years, pays interest daily, and has a yield to maturity of 5.125 percent. What
5. Bond price
A 5.125 percent $1,000 bond matures in 7 years, pays interest daily, and has a yield to maturity of 5.125 percent. What is the current market price of the bond? (assume 360 days/year)
$959.60
$959.09
$1,000
$945.08
$947.21
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