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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 a. 1) b. 2) c. 3) d. 2) and 3)
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