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ACE Inc. offers 5 percent coupon bonds with semiannual payments and a yield to maturity of 8 percent. The bonds mature in 20 years. What

ACE Inc. offers 5 percent coupon bonds with semiannual payments and a yield to maturity of 8 percent. The bonds mature in 20 years. What is the market price per bond if the face value is $1,000? 0 703.11 698.86 816,54 355.23 971.47

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