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Question 16 (1 point) Bond C is a 2-year bond with a coupon rate of 4%. Interest is paid semi-annually. Market interest rates have now

Question 16 (1 point) Bond C is a 2-year bond with a coupon rate of 4%. Interest is paid semi-annually. Market interest rates have now increased by 80 basis points. Calculate price of this bond. 1) $1,000.00 2) $992.28 3) $900.25 4) $984.92

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