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Two years ago, you bought a 10-year bond with semi-annual coupon payments and annual coupon rate of 4%. What is the current price of the
Two years ago, you bought a 10-year bond with semi-annual coupon payments and annual coupon rate of 4%. What is the current price of the bond if the yield to maturity is 5%?
a. None of THESE
b. $922.05
c. $934.72
d. $674.87
e. $626.13
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