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please answer quickly A 16-year bond has a 10 percent annual coupon, a yield to maturity of 5 percent, and a face value of $1,000.
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A 16-year bond has a 10 percent annual coupon, a yield to maturity of 5 percent, and a face value of $1,000. What is the price of the bond? $1,511.89 $1,521.89 $1,531.89 $1,541.89 $1.501.89 Step by Step Solution
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