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Waliemart Corporation issued a bond that has a 1 5 % coupon rate, payable two time per year. The bonds mature in 7 years, have

Waliemart Corporation issued a bond that has a 15% coupon rate, payable two time per year. The bonds mature in 7 years, have a face value of $1,000 and a yield to maturity of 11%. What is the price of the bond?
Question 19Answer
a.
$1,188.49
b.
$926.40
c.
$836.49
d.
$1,191.79

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