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Bond A has a coupon rate of 9%, with a three-year maturity and a face value of $1,000. If the discount rate now or future
Bond A has a coupon rate of 9%, with a three-year maturity and a face value of $1,000. If the discount rate now or future is 10%, and you want to buy bond A at year 2, what is the price you have to pay at year 2 (P2)?
Select one:
a. $990.91
b. $1,000.00
c. $982.64
d. $975.13
e. none of the above
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