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SpaceY inc. will start selling 20-year bonds today. the bonds have semiannual coupon payments, an annual coupon rate of 7%, and par value of $1000.
SpaceY inc. will start selling 20-year bonds today. the bonds have semiannual coupon payments, an annual coupon rate of 7%, and par value of $1000. the yield to maturity (YTM) for this bond is expected to be 6%
A) 1,217.48
B) 1,229.40
C)1,000
D) 1,115.57
E) 770.60
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