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A bond with 16 years to maturity and a semiannual coupon rate of 5.20 percent has a current yield of 5.47 percent. The bond's par
A bond with 16 years to maturity and a semiannual coupon rate of 5.20 percent has a current yield of 5.47 percent. The bond's par value is $2,000. What is the bond's price?
Multiple Choice
- $1,869.59
- $2,059.72
- $1,901.28
- $1,950.64
- $2,103.85
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Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus
11th Edition
1260288390, 978-1260288391
