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A 15-year corporate bond pays $45 interest every six months. What is the bond's price if the bond's promised YTM is 5.5 percent? $1,261.32 $1,253.12
A 15-year corporate bond pays $45 interest every six months. What is the bond's price if the bond's promised YTM is 5.5 percent?
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$1,261.32
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$1,253.12
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$1,250.94
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$1,263.45
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$1,354.36
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