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Calculate the market value of a $10,000 bond that carries a coupon rate of 7% and has 11 years remaining to maturity. The current market
Calculate the market value of a $10,000 bond that carries a coupon rate of 7% and has 11 years remaining to maturity. The current market rate on this bond is 9% compounded semiannually. Select one: a. $11,488 b. $10,562 c. $12,993 d. $8,622 e. $9,579
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