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QUESTION 15 A bond pays 11.5% coupon rate; the current market interest rates are 11.5%, what do you expect the price of this bond to

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QUESTION 15 A bond pays 11.5% coupon rate; the current market interest rates are 11.5%, what do you expect the price of this bond to be? The bond price should be zero The bond price should be more than par The bond price should be less than par The bond price should be equal to par This bond should not be priced at all

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