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Question 5 Incorrect Mark 0.00 out of 1.00 P Flag question XYZ corporation issues today a $1,000 face value bond that has a 3.00% coupon

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Question 5 Incorrect Mark 0.00 out of 1.00 P Flag question XYZ corporation issues today a $1,000 face value bond that has a 3.00% coupon rate, pays semi-annual coupons and has 7 years to maturity. Similar bonds are trading today at a yield to maturity of 10.40%. What should be the price of the XYZ bond today? a. $1,210.00 b. $1,461.04 c. $595.07 d. $766.07 e. $638.39

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