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A certain company has issued a bond with a face value of 3000 SEK that reaches maturity in 20 years. The bond certificate indicates that

A certain company has issued a bond with a face value of 3000 SEK that reaches maturity in 20 years. The bond certificate indicates that the stated coupon rate for this bond is 5.8% and that the coupon payments are to be made annually.

What is the price of this bond if the YTM is 7.2%?

(Answers are rounded to integers)

a. 1815 SEK

b. 807 SEK

c. 4815 SEK

d. 2562 SEK

e. 747 SEK

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