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What is the market value of a bond with 10 years left to maturity, a coupon payment of $50 every 6 months, and a $1,000
What is the market value of a bond with 10 years left to maturity, a coupon payment of $50 every 6 months, and a $1,000 face value if the yield-to-maturity is 8%?
a. $1,198
b. $1,098
c. $898
d. $1,136
e. $1,186
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