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Jill is interested in a 5-year bond which pays a coupon of 4.0 percent annually and trades at a yield of 11.3% per annum. The

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Jill is interested in a 5-year bond which pays a coupon of 4.0 percent annually and trades at a yield of 11.3% per annum. The face value is $1,000. What is the current price of this bond? (to the nearest cent) a. $732.22 b. $726.85 c. $1324.98 d. $585.50

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