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A bond that yields 4% pays a coupon of $20 semi-annually. Which of the following is most likely the price of the bond? $1000 $1100

  1. A bond that yields 4% pays a coupon of $20 semi-annually. Which of the following is most likely the price of the bond?

    $1000

    $1100

    $990

    Not enough information to determine.

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