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Posted on May 16, 2022

How much should you pay for a $1,000 par value bond with a 6% annual coupon and five years to maturity if the prevailing interest

How much should you pay for a $1,000 par value bond with a 6% annual coupon and five years to maturity if the prevailing interest rate is 4%?

$869.34

$1,956.45

$1,000

$1,089.041

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