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If a bond's maturity is 3 years, with an annual coupon of $10 and the face value is $1000, and assuming the interest rate is
If a bond's maturity is 3 years, with an annual coupon of $10 and the face value is $1000, and assuming the interest rate is 2 percent, which of the following is the bond's price?
a | $951.75 |
b | $961.74 |
c | $971.16 |
d | $980.39 |
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