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do u have to figure out the market value at 11% or 8.2%? Calculate the market value of a 20-year, $100,000 City of New York

do u have to figure out the market value at 11% or 8.2%?

Calculate the market value of a 20-year, $100,000 City of New York bond that has six years remaining to maturity, a coupon rate of 11% and is trading today at a yield rate of 8.2% (compounded semiannually). O $123.062 $113.063 O O $80,230

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