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Only one question plz answer fast 20. The 4.5 percent bond of JL Motors has a face value of $1,000, a maturity of 7 years,
Only one question plz answer fast
20. The 4.5 percent bond of JL Motors has a face value of $1,000, a maturity of 7 years, semiannual interest payments, and a yield to maturity of 6.23 percent. What is the current market price of the bond? A. $645.08 B. $1047.21 C. $903.05 D. $859.60 E. $712.40 Step by Step Solution
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