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Which of the following amounts is closest to the value of a bond that pays $45 semiannually and has a YTM of 10%? The face
Which of the following amounts is closest to the value of a bond that pays $45 semiannually and has a YTM of 10%? The face value is $1,000 and the bond matures in 3 years. There are 6 months before the first interest payment.
Group of answer choices
$1025
$975
$760
$1000
$863
$751
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