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A bond has 5 years to mature. It pays 5.60% semi-annually. If other bonds with similar risks are yield 6.2%, paid semi-annually, what is the

A bond has 5 years to mature. It pays 5.60% semi-annually. If other bonds with similar risks are yield 6.2%, paid semi-annually, what is the maximum price you would pay for this bond? Multiple Choice $974.54 $1,254.86 $887.97 $84747

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