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The Procter & Gamble Company offers a bond which pays a coupon of 19 percent with semiannual payments. The bonds have a yield to maturity
The Procter & Gamble Company offers a bond which pays a coupon of 19 percent with semiannual payments. The bonds have a yield to maturity of 15.78 percent and they mature in 14 years. If the bonds have a face value of $5,000 how much will the bonds sell for in the market?
$5,667.92
O $5,889.10
O $4,226.83
$3,043.03
O $5,898.59
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