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A 5-year, 10% annual-pay bond has a par value of $1,000. What is the price of the bond if it has a yield-to-maturity of
A 5-year, 10% annual-pay bond has a par value of $1,000. What is the price of the bond if it has a yield-to-maturity of 15%? O $828.39. O $687.03. O $832.39. O $358.64
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Fundamentals of Investment Management
Authors: Geoffrey Hirt, Stanley Block
10th edition
0078034620, 978-0078034626
