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Four years ago a fixed rate bond, was issued, with a semi-annual coupon payment of $60, a twenty year term to maturity, and a $1,000
Four years ago a fixed rate bond, was issued, with a semi-annual coupon payment of $60, a twenty year term to maturity, and a $1,000 par value. With 16 years remaining and a market interest rate of 9%, what is the price of the bond today? O $1.062.10 O $1.342.67 $978.32 O $1,251.83
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