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A bond has a 6% coupon rate, 5 years to maturity, $1,000 par value, semiannual coupons, and the interest rate is 6%. Which of the
A bond has a 6% coupon rate, 5 years to maturity, $1,000 par value, semiannual coupons, and the interest rate is 6%. Which of the following shows the correct steps to solve for the bond price in a Ball Plus Calculator? O A. N=5, 1/Y=6, PMT=60, FV=1000, Solve for PV O B. N=10, I/Y=3, PMT=30, FV=1000, Solve for PV O C. N=20, 1/Y=12, PMT=120, FV=1000, Solve for PV OD. N=5, 1/Y=6, PMT=30, FV=1000, Solve for PV
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