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Assume there is a bond with the coupon rate of 12.0%, yield to maturity (YTM) of 6.2%, and with the face value of $1,000. Further
Assume there is a bond with the coupon rate of 12.0%, yield to maturity (YTM) of 6.2%, and with the face value of $1,000. Further assume that the bond will mature 9 years from now, and that the interest rate will compound semiannually. What is the bond's current market value? O $1,401.25 O $1,399.29 O $1,395.50 O $1,374.54
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