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D. The price of a 20 year, $1,000,000 bond that carries a face rate of 3.4%, a yield rate of 2.8%, and pays interest twice

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D. The price of a 20 year, $1,000,000 bond that carries a face rate of 3.4%, a yield rate of 2.8%, and pays interest twice per year. ( 3 marks)

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