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Question 9 (1 point) A 20-year, $1,000 par value bond has an 5.5% annual coupon rate, paid semiannualy. The market interest rate for this bond
Question 9 (1 point) A 20-year, $1,000 par value bond has an 5.5% annual coupon rate, paid semiannualy. The market interest rate for this bond is 6%. Assume the market interest rate remains constant, what will the price of this bond 5 years from now? A) $935.68 B) $951.00 C) $978.67 D) $1104.97 E) $1127.60
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