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A bond with a $1,000 Face Value, a 8% nominal interest rate, a maturity date of 15 years and a YTM (market rate) of 8.5%

A bond with a $1,000 Face Value, a 8% nominal interest rate, a maturity date of 15 years and a YTM (market rate) of 8.5% would currently be selling for:

  1. $1,000
  2. $958
  3. $1,042
  4. $1,161
  5. None of the above

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