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Find the price of a 10-year, 6% coupon bond with par value of $1,000 if the yield to maturity is 8% and the coupons are
Find the price of a 10-year, 6% coupon bond with par value of $1,000 if the yield to maturity is 8% and the coupons are paid semiannually.
a. | 664.50 | |
b. | 864.10 | |
c. | 865.80 | |
d. | 509.09 |
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