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Bond Prices A $1,000 par bond that pays interest semiannually has a quoted coupon rate of 7%, a promised yield to maturity of 4.3% and

Bond Prices A $1,000 par bond that pays interest semiannually has a quoted coupon rate of 7%, a promised yield to maturity of 4.3% and exactly 12 years to maturity. The present value of the coupon stream represents ______ of the total bond's value. Multiple Choice 50.9% 52.0% 54.4% 53.1%

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