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Question-8 A bond with a par value of $1,000 with 9.50% coupon rate is purchased for $1,010. If the bond is sold at the end

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Question-8 A bond with a par value of $1,000 with 9.50% coupon rate is purchased for $1,010. If the bond is sold at the end of three years and six interest payments, what should the selling price be to yield of 8% return on investment? a) Between $962. 100 - $963.100 b) Between $1,062.100 - $1,063.100 c) Between $1,162.100 - $1,163.100 d) Between $922.100 - $923.100 e) None of the above

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