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Suppose you purchase a five-year 10% semi-annual coupon bond with a face value of $1,000. If the semi-annual YTM is 8%, how much did you
Suppose you purchase a five-year 10% semi-annual coupon bond with a face value of $1,000. If the semi-annual YTM is 8%, how much did you pay to buy the bond?
A. | $1,081 | |
B. | $799 | |
C. | $1,134 | |
D. | $880 |
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