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Eight years ago you bought a $1,000 par bond with a 5% semi-annual coupon and 15 years to maturity. If the yield to maturity is
Eight years ago you bought a $1,000 par bond with a 5% semi-annual coupon and 15 years to maturity. If the yield to maturity is currently 3.8 %, what is the current price of the bond? A. $1,401.32 B. $1,136.24 c. $1,073.15 D.$1,077.68
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