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Question 1 1 ( 4 points ) Calculate the market value of a $ 1 0 0 , 0 0 0 bond that carries a

Question 11(4 points)
Calculate the market value of a $100,000 bond that carries a coupon rate of 8% and has 712 years remaining to maturity. The current market rate on this bond is 6.68% compounded semi-annually.
$92,661
$96,513
$107,689
$109,223
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