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Calculate the current market price (to the nearest) of bond having par value of $1,000, having a semi-annual coupon rate of 12%, maturity of 12
Calculate the current market price (to the nearest) of bond having par value of $1,000, having a semi-annual coupon rate of 12%, maturity of 12 years and current yield of 15.50%.
Select one:
A.
$711.84
B.
$811.84
C.
$911.84
D.
$1,011.84
Clear my choice
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