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What is the market value of a bond with the following characteristics? $9,000 Face Value, 7.75% coupon, 5-years to maturity, 6.00% yield, semi-annual pay 9,671.75

What is the market value of a bond with the following characteristics?

$9,000 Face Value, 7.75% coupon, 5-years to maturity, 6.00% yield, semi-annual pay

		9,671.75
		10,000
		9,090.34
		8,409.23

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