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Which of the following $1,000 face value bonds has a 10% yield, assuming semiannual coupon payments of 8%? 1) a 5 year maturity bond selling
Which of the following $1,000 face value bonds has a 10% yield, assuming semiannual coupon payments of 8%?
1) a 5 year maturity bond selling for $964.54
2) a 10 year maturity bond selling for $875.39
3) a 20 year maturity bond selling for $828.36
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