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At approximately what price would a $1,000 par value bond with a 10% semi-annual coupon 10 years to maturity and a discount rate of 10%
At approximately what price would a $1,000 par value bond with a 10% semi-annual coupon 10 years to maturity and a discount rate of 10% trade? a) Greater than $1,000 but less than $1,050. b) Less than $1,000 but greater than $950. c) Par. d) Either less than $950 or greater than $1,050
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