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A 6.75 percent coupon bond with 10 years left to maturity is priced to offer a 6.5 percent yield to maturity. What would be the

A 6.75 percent coupon bond with 10 years left to maturity is priced to offer a 6.5 percent yield to maturity. What would be the price of the bond? (Assume semi-annual interest payments)

Multiple Choice

  • $1010.53

  • $875.35

  • $990.25

  • $1005.55

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