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A bond has face value of $1000 and a coupon rate of 11%. The bond has 4 years to maturity and pays interest semiannually.
A bond has face value of $1000 and a coupon rate of 11%. The bond has 4 years to maturity and pays interest semiannually. The market rate for bonds of this risk is currently 8%. What should this bond sell for? Group of answer choices $1,000 $1, 065.45 $1,100.99 $1,021.17 $980.05
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Introduction to Operations Research
Authors: Frederick S. Hillier, Gerald J. Lieberman
10th edition
978-0072535105, 72535105, 978-1259162985
