[Solved] A bond that yields 3% pays a coupon of $1

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A bond that yields 3% pays a coupon of $18 semi-annually. Which of the following is most likely the price of the bond? A. $990

A bond that yields 3% pays a coupon of $18 semi-annually. Which of the following is most likely the price of the bond?

A. $990

B. $1000

C. $1050

D .Not enough information to determine.

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