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What is the price today (in dollars and cents) of a 5 -year 8.75 % coupon rate bond that returns the par value of $1000
What is the price today (in dollars and cents) of a 5-year 8.75% coupon rate bond that returns the par value of $1000 at maturity if the yield to maturity is 8.50%?
$1000.00 | ||
$990.21 | ||
$290.96 | ||
$797.04 | ||
$1009.85 |
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