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Can you please help me solve this problem? A bond offers an annual coupon rate of 7% with interest paid semiannually.The bond matures in eight
Can you please help me solve this problem?
A bond offers an annual coupon rate of 7% with interest paid semiannually.The bond matures in eight years.Using a market discount rate of 7%, the price of the bond per $100 of face value is closest to:
a)105.00
b)112.54
c)99.25
d)100.00
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