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question 18 An eight-year bond that is being issued today has an 10 percent coupon rate and a $1,000 face value. If the yield to

question 18

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An eight-year bond that is being issued today has an 10 percent coupon rate and a $1,000 face value. If the yield to maturity on the bond is 12 percent, calculate the price of the bond three years from now assuming that the bond makes semi-annual coupon payments. $843.07 $950.83 $852.80 $1,057.54 $926.40

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