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What is the price of a coupon bond that has annual coupon payments of $75, a par value of $1000, a yield to maturity of
What is the price of a coupon bond that has annual coupon payments of $75, a par value of $1000, a yield to maturity of 5%, and a maturity of two years?
$1043.08 |
$1046.49 |
$1000.00 |
$1150.00 |
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