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A bond that matures in 6 years has a par value of 1000 and a 3.0 annual coupon rate. the coupon is paid in two
A bond that matures in 6 years has a par value of 1000 and a 3.0 annual coupon rate. the coupon is paid in two semiannual payments. market rates on bonds of similar risk and maturity are now 5%. the bond should sell for
960
924
1014
897
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