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A $100,000 face value bond pays 8% interest semi-annually and matures in 10 years. What will it sell for if the market rate is: A.

A $100,000 face value bond pays 8% interest semi-annually and matures in 10 years. What will it

sell for if the market rate is:

A. 5% semi-annually

B. 7% semi-annually

C. 11.25% semi-annually

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