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A semi-annual coupon bond has a 10% annual coupon rate, which means it will pay semi-annual coupon payments of $50 every six months until maturity.

A semi-annual coupon bond has a 10% annual coupon rate, which means it will pay semi-annual coupon payments of $50 every six months until maturity. The bond matures in eight years. Assuming a face value of $1,000, if the annual market interest rate (yield to maturity) is 11.4% APR, compounded semi-annually, what is the current price of the bond? $1,000 $978 $1,114 $928
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A semi-annual coupon bond has a 10% annual coupon rate, which means it will pay semi-annual coupon payments of $50 every six months until maturity. The bond matures in eight years. Assuming a face value of $1,000, if the annual market interest rate (yield to maturity) is 11.4% APR, compounded semi-annually, what is the current price of the bond? $1,000 $978 $1,114 $928

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