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Question 7-4: A 15 year, $1,000 face-value bond pays an 8.25% SEMI-ANNUAL coupon and has a YTM of 10%. Calculate the bond's price Note: Both

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Question 7-4: A 15 year, $1,000 face-value bond pays an 8.25% SEMI-ANNUAL coupon and has a YTM of 10%. Calculate the bond's price Note: Both the Coupon Rate and the YTM are quoted at twice the periodic rate (Always! Always! Always!) n = 15+2=30 Fu=loco PU= 8.25 I - YTM=104&a=5 A. $850 B. $865 C. $950 D. $1,000 E. $1,200 PMT-C.TXFV

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