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A 16- year, 7.5% coupon rate, $1,000 face value bond is paying semi-annual coupons. What is it worth if its yield to maturity is 8.0%
A
16-
year,
7.5%
coupon rate,
$1,000
face value bond is paying semi-annual coupons. What is it worth if its yield to maturity is
8.0%
?\ a.
$955.3
\ b.
$934.5
\ c.
$911.0
\ d.
$891.7
\ e.
$979.9
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