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purchased a 12-year bond that makes coupon payments semiannually with an annual coupon rate of 7.00%. There are 180 days between the bonds most recent
purchased a 12-year bond that makes coupon payments semiannually with an annual coupon rate of 7.00%. There are 180 days between the bonds most recent coupon payment and the next, and she purchased the bond 20 days after the last payment. The bond has a par value of $1,000, and its yield to maturity is currently 5.5%. Calculate the bonds full price that Ms. Love paid.
Multiple Choice
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$1,121.30
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$1,134.40
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$1,144.12
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$1,090.21
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$1,130.51
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