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Giselle purchased a 5 -year, $12,000 bond that pays her an 8.50% coupon. If the current bond equivalent yield is 6.50%, what is the market

Giselle purchased a 5 -year, $12,000 bond that pays her an 8.50% coupon. If the current bond equivalent yield is 6.50%, what is the market value of her bond? a) $10,059.02 b) $12,545.66 c) $13,010.69 d) $13,150.29

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