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A $1,000 par bond with a 6.8% semi-annual coupon and eight years to maturity carries a yield of 3.82%, what is the current price of
A $1,000 par bond with a 6.8% semi-annual coupon and eight years to maturity carries a yield of 3.82%, what is the current price of the bond?
A. $1,301.14
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B. $1,668.71
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C. $1,203.76
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D. $1,351.90
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Financial Management
Authors: Geoffrey Knott
4th Edition
1403903824, 9781403903822
