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A 10 percent, 3-year, semiannual coupon bond has a face value of $1,000. What is the current price of this bond if the market rate
A 10 percent, 3-year, semiannual coupon bond has a face value of $1,000. What is the current price of this bond if the market rate of return is 11.4 percent? (Please show work)
| $965.25 |
| $1,067.28 |
| $1,066.20 |
| $966.45 |
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