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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?

  • $1,261.32

  • $1,253.12

  • $1,250.94

  • $1,263.45

  • $1,354.36

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