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What is the price of a 10-year, 8-percent, semi-annual coupon bond when the market rate is 6 percent? The face value is $1000. Select one:
What is the price of a 10-year, 8-percent, semi-annual coupon bond when the market rate is 6 percent? The face value is $1000. Select one: a. $595.10 b. $614.72 c. $913.42 d. $707.71 10
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Public Finance
Authors: Harvey Rosen, Robert Guell, Ted Gayer
9th Edition
0073511358, 9780073511351
