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A $1,000 par bond with a 4% semi-annual coupon has 10 years to maturity trades at a yield of 6%. What would be its price?
A $1,000 par bond with a 4% semi-annual coupon has 10 years to maturity trades at a yield of 6%. What would be its price?
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A. $1,148.77
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B. $922.58
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C. $541.20
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D. $851.23
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