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What is the value (to the nearest cent) of a 8 year 6.8% coupon bond with a face value of $1,000. The yield-to-maturity on the
What is the value (to the nearest cent) of a 8 year 6.8% coupon bond with a face value of $1,000. The yield-to-maturity on the bond is 4.4% and the bond makes semi-annual coupon payments.
Select one:
a. $1160.38
b. $1662.16
c. $1158.95
d. $708.59
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