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A $1.000 par bond carries a 3.10% semi-annual coupon rate. Prevailing market rates are 196. The price of the bond is: (0.5 points) Select one:

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A $1.000 par bond carries a 3.10% semi-annual coupon rate. Prevailing market rates are 196. The price of the bond is: (0.5 points) Select one: O a greater than $1.000 O b. less than $1.000 c.not enough information to determine Old $1.000

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